ALOKINDS trade ideas
ALOKINDS Nearing bull runAlok Industries is forming a triangle pattern since last 9 months now its came to very strong support level of Rs 19 /-
And its also going to breakout the triangle pattern. Currently its running at Rs 20.70 /- Its right time to invest in it.
1st target is Rs 29/-
2nd target is Rs 32/-
ALOKINDBelow observations are made before going long
1) Hammer candle suggest trend reversal..
2) Upside candles are more strong as compared to red candles..
3) Upside candles having more volume than avg volume..
4)Price respecting lows with avg volume and could not break lows..
5) No sign of heavy selling volume..
So follow Entry and SL according to chart data..
For educational pupose..
Alok Industries - At 2 years old supportAlok Industries - At 2 years old support. Volume dried down. Any small upwards spike from this zone could leads to an nice upmove. Results are bad though.
ALOK INDUSTRIES : PURE PRICE ACTION ZONE Alok industries is multi testing the demand zone ,so we can look for buying , stop loss will remain below 18
ALOK INDUSTRIES -- POSITIONAL -- MARCH 2022ALOK INDUSTRIES -- positional pick on march 2022 ..
1> stock taken support on Daily Chart consecutive 4th time ..on chart seen up 4th up arrow around 21-22 is strong support area from where stock bounce back last 2 sessions.
2> RSI seen double bottom formation at support area
3> Potential upside is 20.30% FROM CMP@23.85 TARGET 27-30-32 with stop loss 20 Risk reward ratio is very good from this level
4> Good volume seen at support level
BUY ALOK INDUSTRIES @ 23.85
TARGET 27-30-32
STOP LOSS 20
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ** TRADE AT OWN RISK !!
** Historical data seen fear is best opportunity to get highest return in stock market .!!
HAPPY TRADING. !!
View on Alok Industries LtdHey everyone, here is my view on Alok Industries.
You should wait for several confirmations before taking the trade.
For going short, the Monday candle should close below 27, and a few confirmations on the oscillators.
For going long, look for any bullish candlestick formation. The price should not cross the 27.70 resistance.
Check out the 4 hourly chart here, which is self explanatory! It is bullish on 4 hourly.
ALOK INDUSTRIES -- INTRADAY SETUP - 13/04/2022ALOK INDUSTRIES == 15 MIN CHART -- INTRADAY 13/04/2022
1. Higher high pattern seen on chart RSI above 60 level strong bullish .
2. trendline support at 28.25 level where channel breakout above 28.75 is BUY level stock currently trading at 28.60 level
3. if stock fall around trendline support 28.25 is another BUY level Where risk reward ratio more at reward and min risk side.
4. MACD above center and signal line
5. Stock currently trading above all SMA 20,50,100,200 strong bullish
BUY ALOK IND above 28.75
TARGET 29.25- 29.50
stop loss 28
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ** trade at own risk
HAPPY TRADING !
ALOK INDUSTRIES BULLISHVanakkam Makkale,once again it's me Vijay. Expecting 15% ROI for swing and also for short term.
Do your own analysis and take trade accordingly makkale and also whatever we do must follow risk reward and money management.
ALOKINDS | Opportunity to earn 50%+ in Swing Trade !Opportunity to earn 50%+ in swing trade.
CMP: 26.30 ( Good to Buy @ 26.60 )
SL: 24.60
Target: 44.60
( Targets calculated on the basis of Fib. and previous swings )
Disclaimer:
I am not a SEBI registered analyst. My studies are for educational purposes only. Please consult your financial advisor before trading or investing. I am here just to share my views and have fun!!! Don’t take me seriously…..
Happy trading !!!
ALOK INDUSTRIES -- INTRADAY SETUP - 23/03/2022ALOK INDUSTRIES INTRADAY PICK as on 23/03/2022
BULLISH SIGNS ON DAILY CHART
>> Triangle pattern Breakout on daily chart
>> Channel breakout seen
>> Resistance breakout at 25 level
>> volume increase at breakout level
BUY ALOK INDUSTRIES above 25.60 intraday
TARGET 1 - 26
TARGET 2 - 27
stop loss 24.70
** THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own risk. !
HAPPY TRADING. !
price action for alok industry.chart patterns for swing trades ,adjust accordingly market behavior and further price action.
ALOK INDUTRIES - UPDATE - 08/02/2022ALOK INDUSTRIES ...on Hourly chart update today 08/02/2022 .. triangle formation is in progress , at present bellow 20,50,200 SMA ..but strong support line at 27.50 taken support today around this level consecutive 3rd time and double bottom formation at trendline also seen ..triangle breakout bullish line seen at 29 stock will be bullish again once cross and close hourly candle above 29 .. next target will be 32 and so on
IF 27.50 broken and hourly candle close bellow 27.50 trend will be bearish bellow 27 to short term downside can hit 25 Level .
RSI Seen double bottom formation at hourly chart which is positive sign at present.
THIS IDEA IS FOR EDUCATIONAL PURPOSE.
** HAPPY TRADING.!
ALOK INDUSTRIES -- BULLISH W PATTERNALOK INDUSTRIES ..corrected from 35 sub level to 28.50 level and todays 1 hour candle form BULLISH W PATTERN ON CHART. stock seen trendline support as well as 200 SMA support at breakout line .. RSI at bullish from oversold level at hourly chart,
From current level cmp 29.25 stock has potential upside 20-30% IN Short term.
BUY ALOK INDUSTRIES. @ 29.25
TARGET 1 - 32
TARGET 2 - 35
stop loss 27
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ..PLEASE DO OWN ANALYSIS ..! take call at own risk ,!
HAPPY TRADING !
Bounce from a narrow rangeStock was trading in a narrow range and has bounce from that range higher.
Positional Buy :
Company : ALOKINDS-EQ
Entry Price : 27.35
Stoploss : 24.60
Target 1 : 30.00
Target 2 : 31.45
ALOK INDUSTRIES -- INTRADAY SETUP - 27/01/2022ALOK INDUSTRIES pick as intraday as on 27/01/2022 .. as per technical setup ALOK INDUSTRIES will be bullish if break 30 level intraday for target 31-32 and bearish if break downside 28.50 for target 27.50-27. market will be volatile on 27/01/2022 cause of fed policy on tomorrow so that after effect can be seen on 27/01/2022 , so both side target is given ..base on technical levels back of volatility in market.
all support resistance are given on chart. as well as all buy, sell , stop loss level aslo define.
*** THIS IDEA IS FOR EDUCATIONAL PURPOSE ..take call at own risk. !!
HAPPY TRADING. !
ALOK INDUSTRIES -- MULTIYEAR BREAKOUTALOK INDUSTRIES this co is largest fully integrated textile co in cotton and polyester segment, recently cotton price has seen big positive move constantly last few month. co posted good result YOY, good revenue and profit margin seen increase, fundamentals of co is seen improve.
Multiyear Breakout seen in weekly chart ..last few trading session volume seen increase ..Strong bullish technical indicators currently stock has big potential upside. stock was consolidating around 22 to 32 level last few months this consolidation has breakout with huge volume and this uptrend will be continue from this level.
Technical Indicators.
>> Mulitiyear trendline and triangle breakout
>> RSI 64 in daily chart Strong bullish
>> MACD above center and signal line
>> stock trading above 20,50,100,200 SMA
BUY ALOK INDUSTRIES @ 31.55
TARGET 1- 35-38 ( short term - 1 month)
TARGET 2 -45 48-52 ( mid term- 6 month)
stop loss 22
** PLEASE DO OWN ANALYSIS ..this idea For Educational .. call at own risk
HAPPY TRADING. !!
alok industry,,,a dark horseweekly accumulation ..
indicator
relative strength is positve,
rsi bullish on weekly
important things to note...promotors have increased their shares
from june 2020 it was less than 10% ,,no their have 75%..In last one year stock share have been taken by promotor
retails participation have reduced to 25% from 80%!!11
view - 3month to 1yr
stoploss.....20
Long AlokIndsAlokInds breakout is there after long consolidation area.
Technical indicator RSI , ROC and Vortex is positive.
Holding in cash -2-3 months of time We can see this counter 30-40% from CMP
Alok Industries Ltd.: Right time to BuyAlok Industries Ltd is engaged in the business of yarn, weaving, knitting, processing, home textiles, apparel fabrics, garments and readymade garments.
CMP: 32.85
Target: 38 and 44
Breakout consolidation phase now on big goal after retrace. { 32.25 } Use buy on dip and five time investment strategy to get maximum returns.
Feel free to share your feedback and queries.
If you want to know about your stock please mention in comment.
ALOKTEXTStock has given a breakout after consolidation of more than 1 year. It may try to touch its previous swing high and more.
Alok Industries: 30% up; Target 10xGuys this is follow up analysis of this trade which I already published on 28th December.
As you can see in the chart, it has given 30% return in just 2 weeks from the breakout.
As I predicted earlier, it can be 10x(₹310) in 4 to 6 months. Let's see what happens...
Alok industries Look at the beautiful chart strong momentum backed with high volume definitely give you at least 30% in next weeks
