ALOK INDUSTRIES -- POSITIONAL -- MARCH 2022
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ALOK 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. !!
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. !!
Nota
Due to overall pressure on nifty due to war period stock come to best buy price 22-24 accumulate as much as possible for short to mid-term .. this area. i am not seen going bellow 20 .!Nota
breakout of lower channel seen today.. upmove on card now. ! 22/03/2022Nota
stock has hit 29 and around resistance trend is still bullish 200 sma support around 26.50 where bounce back can seen . ! 07/04/2022Nota
ALOK industries HIT TARGET 27 --strong Bullish zone -- 27/04/2022
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