Sanjan91

AEGIS LOGISTICS MAY GIVE RETURNS UPTO 50%

Long
NSE:AEGISCHEM   AEGIS LOGISTICS
Aegis logistics stock price has been falling since July month. But it has now neared a point where a possible reversal may be seen.

The RSI on weekly basis is indicating the stock as undervalued and more importantly, this is nearing the XABCD bullish crab pattern's terminal bar price.

in the past, we have seen a very good reversal from the terminal bar price of the crab pattern in Amazon and Tata Motors' stocks.

Hopefully, with a small risk, we can achieve returns closer to 50%.

Check the similar setup in Amazon and Tata Motors for an idea.

Happy trading :)

This is just for educational purposes.