Breakout from a Pole Flag Pattern + a longer Triangle Pattern. MACD positive and is about to move above the Histogram.
Snowman was trading at 56.75 up by 10%. Reason behind the jump waas strategic partnership with Dr. Reddy, will provide temperature-controlled end-to-end logistics solutions for the delivery of the two-dose Sputnik COVID-19 vaccine across India. Buy at CMP, Keep SL 52 for target of easy 66
Snowman Logistics commenced its business as a trader of frozen marine products and in 1998 it commenced cold storage operations at 4 locations. The company is currently an integrated temperature controlled logistics services provider with 23 temperature controlled warehouses across 14 locations in India including Serampore (near Kolkata), Taloja (near Mumbai),...
Fundamentally not convincing company, but after cup and handle breakout (above 56.5), 10% up move is possible.
In few trading session Snowman Logistics may break level of 56. If this happens this may lead to breakout of inverted head & shoulder pattern. This is clearly knowledge sharing. No any advice to buy or sell any share. Not SEBI registered. Your suggestions & comments are most welcome.
we can see a fib level support and also down trend reversal on daily chart pattern
Support levels from fib level 61.8% and we can see down trend reversal in this stock on daily chart
Cold Storage and Logistics are having tailwind, having nice bullish technical setup Snowman may touch 10. Sl:41 Disclaimer: The stock/index/currency discussed do not constitute Investment/trading advise and is merely an effort towards enhancing learning, knowledge and book keeping. Kindly do your own due diligence and/or consult investment advisor before making...
Snowman again at a strong support. High probability of bounce back. Just imagine if #Pfizer gets approval for vaccinations in India, who would be one of the biggest beneficiaries ;-)
Only for Educational purpose. Levels on the chart
Trading at a strong support. Good pullback from the breakout rally. Currently in the oversold territory. Could give a good bounce back!
Snowman logistics on support level & Oversold Zone:- How to trade it- condition 1- Short for next level of Rs-45 if it continue to move down form this level too. condition 2- if trend reverse then buy for level of Rs-61 with only bullish confirmation candle.
Condition 1-Go long if any bullish reversal candle with bullish confirmation candle formed. condition 2- Short if it breaks its support area with high volume.. This is very strong support zone so be cautious , opportunity is there...
Harmonics Trend Change - Feb 1, 2021 Target - above Rs. 90 - go Long
We all know about the vaccine cold storage facility and logistics requirement and that’s why this stock should be in your watchlist. Coming to the technicals it is fair enough to say that a rough flag and pole can be seen and an upside momentum above 71-72 will lead to 94 levels which is also a good resistance beyond which we may see 105 levels. Will be going...
December 23, December 24 - dates to watch Snowman Logistics based on WD Gann Harmonics and Time Cycle. If you have bought this, you can still hold and test above dates. Stock will break its previous high? - Let's see... What are we talking about? Snowman Harmonics Pattern - December 23, 24
Snowman Logistics CMP - 66.20 Looking bullish in higher time frame. One can go for Swing / Shorterm Trade setup with the following entry, exit & targets Buy Range 62 - 66 / Stop Loss 56 Target 1 - 75 Target 2 - 80 Target 3 – 85 / 90 Disclaimer: This is my view and for educational purpose only.