Chart -> Allcargo Logistics Daily
An ascending triangle breakout with volume at an all-time high confirms the trend is still strong!
CMP: 453
Targets: 490, 510, 530
SL: 410 Daily close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
Symmetrical triangle breakout on daily time frame with bullish rising volume
Immediate rising trend line resistance can pause the upward movement
Entry can be planned either at pull back or above the trend line resistance with a target of 565
SL below 400
ALLCARGO LOGISTICS
ALLCARGO LOGISTICS is forming a good pattern, there is a good accumulation happening at current levels.
ALLCARGO LOGISTICS is Symmetrical chart pattern breakout wait for entry about of confirmation candle.
This channel is for only educational purpose. Any Profit/loss, I am not responsible.
Sector: Transportation
Industry: Marine Shipping
Allcargo view for intraday 30th Sept
Resistance trendline breakout expecation.
Follow strict risk reward and stop loss for getting good profit...
Consider it for educational purposes...Analysis from your end before trade...
the stock was trading at its zone for the past one month until it broke the support and recovered the next day hope it can retest and give a huge upside as it has great new related.
Our First stock in Trade The Flag - Allcargo
Allcargo Logistics is a leading multinational Company engaged in providing integrated logistics solutions and offers specialized logistics services across multimodal transport operations, inland container depot, container freight station operations, contract logistics operations and project and engineering...
Cup shaped accumulation seen with increase in monthly volumes,
Near to the 52 week breakout with strong momentum.
Price can make higher highs if the momentum continues
All Cargo CMP - 160.65
Looking bullish and given breakout in higher time frame. One can go for Short / Long Term Trade Setup with the following entry, exit & targets.
Buy Range 155 - 160 / Stop Loss 137
Target 1 - 180
Target 2 - 200
Target 3 - 220
Disclaimer: This is my view and for educational purpose only.
After nearly 2 years of consolidation, Allcargo is indicating a breakout. Volumes in coming days to be watched out for. Also it is in positive zone on daily relative strength compared with Nifty. Good long term investment opportunity.
