Top trending textile stock below Rs 50: Alok Industries
Top trending textile stock below Rs 50: Alok Industries

Top trending textile stock below Rs 50: Alok Industries

Karan Dsij Article rating: 4.5

Structurally, the stock has been making a higher high and higher low on the weekly chart, indicating a positive price structure. As the stock is trading at a 31-week high, all the short and long-term moving averages are trending upside. The 20, 50 & 200-DMA are clearly trending up and moreover, they are in the desired sequence.   

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