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SHRIHARII

ALICON - 2.5 Years Consolidation Breakout / All Time High

Long
ALICON CASTALLOY L (NSE:ALICON)  
SHRIHARII  
NSE:ALICON   ALICON CASTALLOY L
Trend Analysis Beyond Technical Analysis Fundamental Analysis consolidation-breakout breakouttrading weeklyclosing strongbreakout alltimehighbreakout bullishpattern longterminvesting fundamental-analysis Technical Analysis
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trendanalysis beyondta fundamental consolidation-breakout breakouttrading weeklyclosing strongbreakout alltimehighbreakout bullishpattern longterminvesting fundamental-analysis technicalanalysis
Alicon Castalloy Ltd

1) Time Frame - Weekly.
2) The Stock has been in a Consolidation since (August, 2021). Now It has given a Huge Consolidation breakout & Closed at it's All Time High with good bullish momentum candle & with good volume in weekly Time Frame.
3) The next resistance would be around the price (1400 - 24.85% from the price 1121.10). Also It may perform well in the long term.
5) Recommendation - Strong Buy
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