Rocky_Chow

AllCargo, too many patterns in the making.. waiting for breakout

Long
Rocky_Chow Updated   
NSE:ALLCARGO   ALLCARGO LOGISTICS
A cup and handle is being seen in the weekly timeframe that gives us a target of 575.. the fibonacci level of 2.618 gives us a target of 520. An ascending triangle in formation on Daily Time Frame which is yet to give breakout may also give a target close to 520 .. May give good upside of 520 keeping a tight SL of 410 on daily closing basis
Trade closed manually

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