#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
