Allcargo Set to sail into new blue sky zone
Allcargo Logistics' stock, on a weekly timeframe, appears to be nearing the completion of a cup and handle pattern, which is a bullish technical indicator. This pattern suggests the possibility of upward price movement in the near future.
Disclaimer:
I am not a SEBI-registered investment advisor and does not recommend buying or selling this stock.
I further discloses holding a position in Allcargo Logistics and intends to maintain the position in anticipation of India's infrastructure growth story.
Please note:
Technical analysis is not a foolproof method for predicting stock prices. Investors should always conduct their own research and due diligence before making any investment decisions.
Disclaimer:
I am not a SEBI-registered investment advisor and does not recommend buying or selling this stock.
I further discloses holding a position in Allcargo Logistics and intends to maintain the position in anticipation of India's infrastructure growth story.
Please note:
Technical analysis is not a foolproof method for predicting stock prices. Investors should always conduct their own research and due diligence before making any investment decisions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.