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...
Chart Structure:
- Price came out of Darvas Box consolidation on 17th August.
- Consolidation was happening from May to August.
- After the Range breakout, the price took a little pullback.
Volume & Deliveries:
- During the consolidation phase, many days with positive volume activities were witnessed.
- Average Deliveries were 10.79 lac shares per day before...
About:
Jubilant Ingrevia was Demerged from Jubilant Lifesciences in February 2021. It is in the business of Speciality chemicals, Animal & human nutrition, life science chemicals, ethanol etc.
- Stock is in a continuous uptrend.
- Price today crossed the previous swing high after forming a base at Support Level (which was earlier a resistance)
- Price broke out...
As we can see the stock is under consolidation ahead of its results. So a candle closing above this resistance can give good trade for intraday on the long side.
950 is a strong resistance level.
.
On Friday, IndusInd Bank share tried two three to break this level but failed.
.
So maybe on Monday, it can break the levels 979 is our first Target.
.
On Friday company announced a very good Quarter Results.
.
So maybe there is 1% chances that you can see the profit booking .
.
But trust me if it's goes down you can accumulate...
8 weeks cup n handle - 2nd stage base.
depth is little more - 32%
Strong prior uptrend - 375% from lows.
Pocket pivot formed today.
Its coupled with good fundamentals and promoters buying.
Its even at ATH levels......
