Sudarshan Sukhani, Technical Trends is of the view that Rs 22 is a fairly decent band of support for Alok Industries .
Sukhani told CNBC-TV18, "Alok Industries has the worst possible chart. That is the reason - it is a dark horse, it has fallen so much, it went to Rs 28 and my target was Rs 30, it did not touch that. It has now come back to Rs 22. My own sense is that Rs 22 has a fairly decent band of support. So for day traders - quick recovery could give Re 1 or even Rs 1.5 and in percentage term that would be very attractive. So Alok is worth watching, the first sign of recovery should be a buying opportunity."
