ALOKINDS trade ideas
Swing Trade - Alok IndustriesIf it takes support on the trendline and gives a weekly positive close, then we can get a nice swing trade.
Keep an eye.
ALOK INDUSTRIES--> Minimum 20% upside potential in short term>Breakout from a channel and retest of 20EMA with 50% fib retracement forming a flag pattern
>A buy trade can be initiated between 26.5 to 28 for at least 20% potential upside in short term with a stoploss of 24.5
>Favorable risk reward ratio of almost 5
Alok Industries Swing Long Alok industries is giving kind of flag breakout long above 28.3 for 0.618 and 1 level 32.35 and 36.85.
Extension of Fib can happen. Stock is highly bullish with volume.
LONG ALOKINDSEnter in ALOKINDS between 20 and 18....wait for reversal with volume on lower TF........ No sl as it was for investment purpose....... Immediate target for swing traders will be around 31,39 and long term above 53 easily......levels are marked........ best buy if goes around 15
Alok Industries - Strong Breakout Hello Everyone,
Let's have a look at the technical weekly chart of Alok Industries, you can see that Alok Industries has given a range breakout above 26.50 with strong volume. Alok Industries stock was trading in the range of 19-26 for almost a year and now given break out. Today also the stock has hit a low of 25.25 and with strong price action made a comeback and recorded a high of 31.70 and at the end of day closed at 31.05 with strong volume of 18.50 crores in a day. The price action with strong volume in Alok Industries shows that initially it will try to attend the 40.30 levels on cards and may consolidate near 40 levels before taking a next move. However it looks like the stock is ready for strong move and probability of breaking the previous highs of 61.40 is visible. The company is taken over by Reliance Industries and JM Financial Asset Reconstruction Co. Reliance is the sole owner of the company and JMFARC is acting as a trusty of the company with a joint total holding of 75% . Reliance Industries also holding 250 crores OCPS (Optionally Convertible Preferential Shares) which they can convert within 18 months from the date of implementation of resolution plan or can keep up to 10th anniversary. Further detailed information will be updated later on the part of OCPS.
The company during the take over by Reliance Industries was operating with 25-30% capacity and gradually they are working on the increase in capacity utilization of the company which can be seen from the 4th quarter results of the company.
So going forward the company is likely to perform well and hence it is a long term growth story.
The information updated here is only for Educational Purpose and not a recommendation to Buy or Sell, please consult your financial advisor before taking any decision.
WYCKOFF accumulation phase of Alok industriesHere is the perfect example of Wyckoff accumulation method which is in going in Alok industries .
1)so what is Wyckoff method?
it is nothing but the silent movements of big investors who moves markets for their profitability.
Their are mainly two phases
1.accumulation phase where they accumulation max quantity of stokes without pumping the price
2.distribution phase where they sell stocks without dumping price too much
Alok Industries LONGScreener Strategy
RSI -> Cross-up - 30
Stochastic %D -> Below 30
Stochastic %k -> Above %D
Volume >500k
Basically what this indicates is that the stock has gained upward momentum as the Stochastic oscillator has crossed and the stock is not within the RSI zone. The volume filter is kept to weed out any illiquid stocks.
My opinion is to go LONG
Short term View For 15-20% GainEverything explained in the chart, do Comment, Like and Share if you like my Analysis
Question on Alok Industries.If Bought Hold as of now, SL close below 19.5
Fresh longs can be done with tight and strict SL.
Stock has given a breakout of consolidation.
Disclaimer:- No Fundamental View.
I don't trade/Track/Invest in such stocks.
Consult your financial Advisor.
View is for Education.
ALOKINDS - Trend BreakoutLooks like ALOKINDS broke the trend after correction on 3H candle
Entry: 23.70;
SL: 20.75 much needed little closer in case of false break out. Targets : look for the T's.
Note: Please do your own research before trading this setup. At your own risks and rewards :)
Alok Ind and it's RSI, almost equal!Look out at Alok Industries. NSE:ALOKINDS
The stock closely follows the RSI. Their graphs are almost identical!
Assumption the sellers use the RSI indicator extensively and sell as soon the as the RSI goes above 70.
It is suggested to follow the RSI to long/short or buy/sell this stock.
