Had shared the same at 60 level also and I have been accumulating this gem for a long term gains.
The following reasons
First - Technically the stock had consolidated in the zone of support and has also been able to sustain the break out momentum
Secondly- the overall improvement in the fundamentals of the stock in terms of governance and expansion- new store...
SNOWMAN LOGISTICS, showing good Breakout stucture with the help of Increasing Volume.
so plz keep on eye for swing or Long Term Investing
KEEP ON RADAR
Snowman has given a weekly breakout. Stock can be on watchlist.
Minimum target is 68-69 with SL below 42 DCB.
Idea shared only for educational purposes. It is not a recommendation.
Snowman is in bullish mode. Long entry can be taken above 46 after the BO with an SL of 41 for the next target price of 55. Good risk-to-reward ratio. This is for your educational purpose only.
we can see a triangle forming, direction of the breakout is not confirmed yet, this chart only shows the possible outcome of a bullish breakout.
The green box is the demand zone.
Snowman Logistics
NSE:SNOWMAN
CMP - 55
Stop - 40 on DCB
Expectation -
T1 - 70
T2 - Open, Review at 70
Expected Holding Period - 80 trading days or earlier for T1
Disclaimer:-
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
After everyday Heavy Selling from Adani Logistic ltd. stock still climbing toward 65-70 levels. i just confused who are the guys who are buying the stock after adani Logistic ltd. selling their position after failed acquisition.
#snowman Seems perfect long with the reasons explained on chart...We can either enter here with 52 as SL or can enter above 70 with 57 as SL.
Target would be 94 - 100 - 115
I am excited to watch snowman has again reached its favorite zone. Follow this post to capitalise further movement .
IF Breakdown occur take LONG @ 55-50 RANGE
IF Trend Reversal occur TARGET @ 68-71 RANGE
CRITICAL SUPPORT 1 : 60
SUPPORT 2 : 50
