ALLCARGO:- formed rounding bottom pattern and also break the important level and retest the level. good stock keep accumulate
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As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
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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...
Stock Name - Allcargo Logistics Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 460
#This is not Buy and Sell recommendation to any one. This is for...
All Cargo Logistics is India's leading logistics solution provider.
If price sustains above neckline, it can trigger a fresh rally.
There are looming risks from logistics slowdown from recession, which is evident from the Delhivery share price debacle recently.
However, the technical set up is strong, and the company has shown strong growth at a relatively...
The stock has closed at a price of 391.65 which is just a fraction short of moving above all important EMA and make it technically bullish.
Fundamentals of the company have significantly improved which is a good sign.
Since the EMA crossover in the month of August we have seen the price hit a fresh high of 452 levels.
During this rise we have witnessed a...
Stock Name - Allcargo Logistics Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 418
#This is not Buy and Sell recommendation to any one. This is for...
ALLCARGO LOGISTICS LTD GOOD FOR SWING TRADE
cup and handle pattern breakout with volume breakout
stop loss =375
buy= 418.65
1sttarget =458
2nd target =499
Allcargo Logistics-Has Formed Falling Channel Pattern Breakout Daily Time Frame. Entry Zone-340/360.Expect a Target on This Stock-440/450 Stop Loss-318 Closing Basis. only Education Purpose.
The chart has formed a double bottom formation with pivot point at 398.
383, 398 and 412 are also important support and resistance zones. Keep a close watch on the price action in these ranges.
The overall trend is positive though the stock my consolidate in the range between 369 and 383 in the short term. Beyond 383, 398 will act as immediate resistance and...
Read the chart from left to right for a clear understanding.
Stock: Allcargo
Trade type – Swing
Buy level: 348.10 (above breakout candle)
SL: 318.75 (below the breakout candle)
Target: 398
Risk/Reward ratio: 1.7
The setup uses price action and two indicators – RSI & MACD for confirmation of the signal.
Chart formed a Gap on 02nd November. Gaps are formed due to...
