Stock corrected from highs of RS 800 odd levels and now company is targeting 10000 cr revenue by next year.
expecting an inverted head and shoulders pattern to come in play if it gets rejected around area marked in green.
📊 Script: MAHLOG
📊 Sector: Logistics
📊 Industry: Miscellaneous
Key highlights: 💡⚡
📈 Script is giving breakout of Descending Triangle in Daily and Weekly Chart.
📈 It is trading at upper band of BB and giving breakout of it.
📈 Already Crossover into MACD.
📈 Double Moving Averages giving Crossover.
📈 Right now RSI is around 66.
📈 One can go for Swing Trade.
...
Mahilog is Technically Bullish and breakout in Daily with Good Volume. 468 will act as Strong Resistance.
T1 - 490
T2 - 510
SL as per ur Risk management.
This is not an investment recommedation, Just for educational purposes. Do ur own analysis and Invest accordingly.
Mahindra Logistics has given 60% fall from highs !!
Stock is around the support of Rising channel
We can clearly see stock could touch upper range of rising channel which is coming around 1050-1100
Stock may also come down till 300 levels and that would be the best level to BUY
Thank You !!
Disclaimer : We are not SEBI registered analyst. Do your own...
MAHLOG- Analysis
Buy zone 370 to CMP or 389
Targets 451, 491, 538, if goes above this we can target for 632 also
Stop loss - 346 for swing traders
Stop loss - 328 for long term investor
Important Dates to monitor :-
18th Dec 2023
23rd Dec 2023 (+/- 1 day)
10th Feb 2024
9th March 2024 - Very important date
Hope this information will assist you...
Stock name = Mahindra Logistics Limited.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not...
📈 Stock Name - Mahindra Logistics Ltd
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 434.
🚨 Disclaimer: This is not a Buy or Sell...
The stock is attempting to breakout from a major trend line resistance that has kept the stock in a 'downtrend' for almost 2.5years now.
A close above INR 400 could mean a quick run for the stock towards INR 420 level.
Above INR 420 however is the region where the stock would almost 'fly' towards INR 500.
But since 420 is a prior supply zone one could expect some...
📊 Stock Analysis Snapshot 📉
From the peak of 800 in October 2022, the stock underwent a substantial decline, settling within the 350-360 range.
📈 Notable development: Recent weeks saw a positive divergence on the RSI.
Trading at 354, offering a potential entry point for those considering "bottom fishing."
⚖️ Exercise caution with a strict stop-loss range of...
The stock has been in consolidation phase for the past few months. Recently, there has been some unusual volume activity along with some good bullish momentum. The stock can be traded for long as marked with levels. Any further update would be posted here.
mahindra logistics has finally given a breakout of the multi-year triangle pattern and is all set to give a minimum of 40% rally and also must have a sl of 12% the above idea is just for educational purpose
