ALOK INDUSTRIES -- BULLISH W PATTERN

3 Feb 2022

ALOK INDUSTRIES ..corrected from 35 sub level to 28.50 level and todays 1 hour candle form BULLISH W PATTERN ON CHART. stock seen trendline support as well as 200 SMA support at breakout line .. RSI at bullish from oversold level at hourly chart,

From current level cmp 29.25 stock has potential upside 20-30% IN Short term.

BUY ALOK INDUSTRIES. @ 29.25

TARGET 1 - 32
TARGET 2 - 35

stop loss 27

** THIS IDEA IS FOR EDUCATIONAL PURPOSE ..PLEASE DO OWN ANALYSIS ..! take call at own risk ,!

HAPPY TRADING !

3 Feb 2022

Catatan

S1 - 28.50
S2 - 27.30

R1- 32
R2 -34.50

3 Feb 2022

Catatan

BREAKOUT ABOVE 36 level on closing basis one can go long for target 38-42
strong resistance at 35.80 level .. !

4 Feb 2022

Catatan

BULLISH moving avg cross 20.50 SMA seen Today on 15 min charts. !

7 Feb 2022

Catatan

TODAY 1ST hour doji candle forming on hourly chart of ALOK to turn bullish for a day next hour candle should close above 29.50

7 Feb 2022

Catatan

POSITIVELY 200 SMA support at 29.10 That support should hold for next up move. !