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.
Looks 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 :)
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.
