A Bullish Breakout of Flag and Pole pattern is visible on the Weekly chart of NSE:SNOWMAN
MACD already gave Positive crossover on Daily, weekly and monthly chart. So, expecting the momentum to continue.
One can create a fresh position in the scrip as per the levels mentioned on the chart.
If you like it Make the rocket fly to boost the idea.
Risk...
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
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 has been trapped in a triangle pattern and almost now going to have its breakout, so give an entry with appropriate Stop loss after the breakout
Aggressive traders enter at the breakout and conservative traders may give entry after retracement
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single...
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.
