Allcargo Logistics... a postional play on the logistic sector

The stock is currently trading in the range between 385 and 450. Significant price action can be seen beyond 450.

The price of 385, at the neckline, can act as a good support zone. Also on a weekly chart, the stock price is also trading above the 40 weekly moving average.

Trade with a stop loss of 5-8%.

Note: Not a buy/sell recommendation. Do your own research and consult your investment advisor.

Comment:

Breakout and close above 450.

Comment:

8% move as of now...