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.
