ALLCARGO - Ascending Triangle Bullish Breakout
The stock has given a breakout of the ascending triangle pattern it was trading in, coupled with decent volumes.
One point of caution here is that RSI is about to cross 70, hence watch the movement closely.
I believe the trade can be initiated if the stock manages to sustain over 237, for targets of 260 and 286.
Stop Loss can be maintained at 223.
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One point of caution here is that RSI is about to cross 70, hence watch the movement closely.
I believe the trade can be initiated if the stock manages to sustain over 237, for targets of 260 and 286.
Stop Loss can be maintained at 223.
Please follow us for more trading setups like these.
If you have any queries/suggestions related to above pattern, feel free to type below in the comment section.
Do show your love by pressing the like if you liked the idea.
Trade closed: target reached