Aegis Logistics, with its robust market presence and expertise in logistics and supply chain solutions, presents an attractive opportunity for swing traders.
Reasons are listed below :
- Cup and Handle Pattern: Aegis Logistics is exhibiting a classic cup and handle pattern, suggesting a potential bullish continuation.
- Breakout and Retest: After multiple tests, the stock broke above the crucial 400 level and has now retested it successfully, indicating strong buying interest and potential upward momentum.
- Bullish Marubozu Candle: A bullish Marubozu candle on the weekly timeframe, engulfing four previous weekly candles, signals strong buying pressure and potential upward momentum.
- Attempt to Breach All-Time High: Aegis Logistics is attempting to breach its all-time high, indicating strong upward momentum and potential for further gains.
- 0.5 Fibonacci Support: Finding support at the 0.5 Fibonacci level reinforces the bullish outlook, providing a strong foundation for potential upward movement.
- Breakout from Consolidation: The stock has broken out from a consolidation phase lasting over three years, suggesting a significant shift in market sentiment and potential for sustained movement.
- 50 EMA Support: The 50-period Exponential Moving Average (EMA) on the weekly chart acts as reliable support, reinforcing the bullish bias.
- Increased Volumes: Notable increase in trading volumes reflects heightened market interest and potential accumulation by investors, adding confirmation to the bullish thesis.
Target - 520 // 600
Stoploss - weekly close below 380
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Trade active:
Made a high of 5.6%
Comment:
Achieved 12% ++
Trade closed: target reached:
1st target achieved 19.2% ++
Comment:
Made a high of 24%
Trade closed: target reached:
2nd target achieved
36.4%++
36.4%++
Comment:
Achieved 44% ++
Comment:
Achieved 58%++