Alankit Ltd seems to be consolidating close to its all time high levels.
Pattern formation is similar to Inverted Cup n handle with neckline around 38-39 level as visible on the weekly charts.
A potential breakout seems to be underway to the upside if it closes above today's high of 39.40 with higher volumes.
Trade strategy :
Buy above 39.40
1st Target @ 48
2nd Target @ 58
Stop loss - below recent low of 30
Risk/reward ratio : 2.06
Disclosure : The view expressed above is my own analysis on the stock. You are responsible for your own investment / trading decisions.
Pattern formation is similar to Inverted Cup n handle with neckline around 38-39 level as visible on the weekly charts.
A potential breakout seems to be underway to the upside if it closes above today's high of 39.40 with higher volumes.
Trade strategy :
Buy above 39.40
1st Target @ 48
2nd Target @ 58
Stop loss - below recent low of 30
Risk/reward ratio : 2.06
Disclosure : The view expressed above is my own analysis on the stock. You are responsible for your own investment / trading decisions.
İşlem aktif
Not
Nice Breakout - locked in 10 % upper circuit todayNot
1st target of 48 achieved. Locked in 10 % upper circuit again.İşlem kapandı: hedefe ulaştı
2nd target achieved - Made high of 59.30 . Cheers !!!
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.