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Alok Industries

Bronze Member

252 Messages

with -592 Cr Q4 price rallied from 20 to 32 but on Q1 results -97 Cr price is driven down to 24. price will get back to 28/29 forming next support levels. I can foresee huge selling exodus if it touch 35 by retailers who feel they are humiliatingly stuck. August will be an interesting month. I expected prices will touch 42 in July 2021. Agree the prices are controlled by operators. Yesterdays low volume is a concern but delivery percentage is above 50% for past 10 sessions is indicating price lowering is facilitated for some big accumulation by some big investors. All of a sudden price will burst but interesting to see price sustaining above recent high 32.25.

10.20 PM Jul 31st
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