ALLCARGO
Ideal setup for swing trade with multiple buy signals - AlcargoRead 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 strong buying/selling interest. These gaps are considered to act as strong support levels on the chart.
Rationale behind the bullish view:
- Price recently took support at the gap range and reversed its direction and started making higher highs and higher lows.
- The latest Strong green candle accompanied by good volumes broke out above the previous high.
- Price making lower lows but RSI making higher lows. This is a positive divergence indicating buying interest
- RSI above 55 and trading above its EMA indicates buying strength.
- MACD crossed over the signal line confirming the trend.
Taking the trade:
- The buy level is slightly above the breakout candle. The buy trade can be executed on an hourly timeframe if the price sustains above the breakout candle high.
- If the trade works out as expected, Although the target and SL are fixed in this trade, both should be shifted up when the price makes a higher high and higher low.
- Strict stop loss should always be followed for risk management.
This is not a buy/sell recommendation. I'm posting my analysis here to track it and to learn from the community.
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Target 1 (8%) achieved in Allcargo Logistics. Target 2 is ON...This is follow-up on Allcargo Logistics. Can check link to related ideas.
Target 1 achieved. More than 8%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Target 2 (64%) achieved in Allcargo Logistics. Target 3 is ON...This is follow-up on Allcargo Logistics. Can check link to related ideas.
Target 2 achieved. More than 64%. Target 3 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
ALLCARGO - Ascending Triangle Bullish BreakoutThe 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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Allcargo Logistics Ltd trendline breakoutAllcargo Logistics Ltd trendline breakout
StopLoss below the trendline
Note: For better risk to reward, it id better to enter the trade after a retest
ALLCARGO Logistics (Positional Study)Let us study ALLCARGO Logistics for Positional Investment prospects.
Chart Structure:
- Price has broken out All-Time-High of 2018.
- Price has crossed the previous swing high above ATH.
- Stock is in an uptrend since May.
Volume & Deliveries:
- Huge deliveries had happened in July & August near ATH Range.
- From 19th July to 4th Aug. 2.04 cr. shares were delivered with an Average of 17.01 lac shares per day. The previous average was 2.63 lac shares /day. (Average price = 186.54/- per share)
- From 10th to 17th August, again 60 lac shares were delivered with an Average of 15.06 lac shares per day. (Average price 207.86/- per share)
- Huge accumulation has been witnessed near the All-Time-High Price Range.
Relative Strength:
- Stock became RS positive on 25th June.
- Since becoming RS+ stock has not Flipped-Flopped and was only increasing.
- Stock is outperforming Nifty50 as well as Midcap100 index.
- Stock is outperforming its sector & benchmark in all 1W, 1M, 3M, 6M, 1Y, 2Y & 5Y timeframe.
Financial Performance:
- ALLCARGO's Q1 Sales growth was 3% QoQ & 66% YoY
- Q1 PBT growth stood at 1019% QoQ & 442% YoY
- Q1 PAT growth stood at 117% QoQ & 144% YoY
Sectoral Performance:
- Logistics sector has broken out of its previous high on 2nd September.
- The sector is outperforming the Nifty & Midcap index.
- Outperformance in the sectoral index has again started after 2nd September when the Spread chart value has crossed over its 50MA.
Good stock for positional study.
Allcargo long setupAllcargo Logist can go long at 228 with stop loss of 200. Target 236 and 244.
Fundamentals are very strong and can buy hold with long term prospective
Highlights
Healthy Dividend payment history of 32%
Double growth in terms of overall net Profit (117 Cr) last quarter
Expected good performance for this quarter as well
Consistent and strong cash flow (consistent above 250+ cr)
Promotors holding More than 70%
ALLCARGO LOGISTICS Six Year Brackout ALLCARGO LOGISTICS Six Year Brackout and Triple TOP Brackout, you Can See the Volume Bar this is also show the support you Can Buy This Share at Current level Your Stoploss is 220 in Closing Basis.
Breakout in Allcargo Logistics...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Allcargo - CMP: 159The stock has given a Rounding Bottom breakout on the daily chart. RSI indicating continuation of the uptrend. We can expect price movement up to 175 in the near term.
Allcargo: resistance breakout done can buy above day highbuy above 164 in intraday and swing
for swing trade can add in dips till 150
stoploss for swing is 138.
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
ALLCARGONote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading.
ALLCargo: Buy on dips for the Long Term
To me Rs 92 looks like a very attractive buy.
Rs 50 crore + run rate of Net Profit on a 2000 cr Mcap Company is really a great place to start.
breakout and pullbackgiven breakout from long term trendline and did pullback if breaks down tl than we will ignore it for trade.
if sustains than buy above 97.40 in intraday
AllCargo Analysis: Short term buyStarting from its retracement from the 52 week low, there's a pattern where we can see if the Elliot theory fits in. Wave 2 though has a strong pull back to 59 level but the solid price rally for Wave 3 forces one to give it a serious look. If this has a final wave 5 strong enough to shoot above 75, there is a good prospect for buy.
