Watch out For Breakout
Alok 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.
✅ 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.
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