ALOK TEXTILES - SHORT TERM: WEAK, LONG TERM: STRONG, PREVAILING BIAS: NONE
This stock is in a steep downtrend. It may end up at 20 (maybe even 18). What more worrying is that volumes are drying up showing lack of interest. The long term trend though remains up and if the stock can cross 35 with strong volumes and stay there for 5-10 trading sessions, the trend will be up
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