ALOKINDS trade ideas
#ALOKINDS long term buy setup (24/08/2024)Greetings Folks,
today i have prepared a setup on NSE:ALOKINDS on NSE
the analysis is as follows
- the price is now trading near a very important resistance which has been tested many times now. The more times a resistance gets tested, the weaker it gets
- the price has took support from the 0.5 fib levels, it might test it again or move down to 0.618 levels
- i have also marked a support zone from where the rally started, use it when the price breaks the fib levels
- if the price breaks the zone too, use the last swing i have marked as liquidity
dont play with fire, always use a predefined stoploss according to your risk management
Alok Industries Ltd (ALOKINDS)- Analysis
Bullish Levels -day closing above above 30 (early entry) then 38 or 43 if sustains above this then Long term tragest can be 209 to 212 (strong level) then 251 to 262
Other tagets : - 49 then 63 then 81 then 113 to 123 then 162 to 166
Bearish levels :- Day closing below 27(Make or break Level) then 25- (SL for Long term Investor) below this more bearish.
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ALOKINDS - Alok Industries Ltd - An Overview to Buy & HoldAs per previous chart history and technical analysis along with Fundamental inputs of the stock, it indicates that you can buy or hold your stock for profit in short term as per chart analysis.
Wait for reversal for better entry or Buy and Hold for big profit.
If broken downward, a big bearish trend is seen on the downside chart
All major points & downward levels mentioned on chart
Do your own research because I am not SEBI registered person and this is my personal opinion about this stock
Thanks for your support as always
Alokinds - Long Setup , Move is ON....Stock name = Alok Industries Limited.
✅ #ALOKINDS trading above Resistance of 35
✅ Next Resistance is at 49
✅ moved 58% in 4 weeks
Daily chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.
Alokinds - Long Setup , Move is onStock name = Alok Industries Limited.
✅ #ALOKINDS trading above Resistance of 29
✅ Next Resistance is at 29
✅ moved 28% in 28 days
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.
AlokindsStock name = Alok Industries Limited.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.
Watch out For BreakoutAlok Industries Stock Weekly Chart Analysis
✅ Held steady within the long-term Trendline SR at 10.30 to 11.50
✅ A recent breakout from the year-long price range (blue box)
Now, poised for potential breakout from the long-term Trendline Resistance Range
Successful breakthrough here could trigger upside
If the breakout falters, watch for support within the green trendline channel
✅Double Bottom Formation on the Long-term Trend line RR
Keep in mind, the stock has already seen an 80% increase from recent lows on the weekly chart. Expect some consolidation before the next move.
Follow For More Such Chart Analysis.
#ALOKINDS TRADE IDEA SETUPGreetings Folks,
today i have prepared a setup on ALOKINDS on NSE
the setup is as follows
- the stock is in good uptrend
- right now in my view it needs retracement
- there is a imbalance which needs to get filled for further uptrend
- price broke the previous highs with good volume
dont play with fire, always use predefined stoploss
Pump & Dump ?
Just a assumption, it looks a pattern when the price goes up the Volumes are surging, but when price keep broking its lower levels it was done in parts and they are trying to keep the Volumes lower then the average,
May be I am wrong and I have no idea about the Company and its Fundamentals,
its just technical observation of mine .
But One Thing for Sure it is Making price action which is Lower-Low.
what is your thought ?
Gratify if you appreciate the practice then you can like it, share it and
If you want me to investigate any chart for you then would cherish doing that for you.
Thank you for your time and support.
Stay safe.
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Bearish ButterflyClear example of bullish butterfly pattern here getting to same heightS and falling back to the ground only bulls play here