Greetings Folks, today i have prepared a setup on 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
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