If Alok Industries manages to get past Rs 22, one should probably look for targets to the range of Rs 24-24.50, says Mitesh Thacker, Technical Analyst, miteshthacker.com.
Thacker told CNBC-TV18, "The entire sector is doing pretty well but after a good rise, Alok Industries went into some kind of consolidation. Today it has managed to get past 89 day average. In the short-term, probably 200 day average will provide lot of supply which is at around Rs 21.75-22. Beyond that if the stock manages to get past Rs 22, one should probably look for targets to the range of Rs 24-24.50."
Alok Ind target Rs 24-24.50: Thacker - CNBC-TV18 -
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