ALLCARGO LOGISTICS (1W TF) - Swing Trade Analysis given on 23rd March, 2024
Pattern: AT WEEKLY SUPPORT
- Pullback candle at Weekly Support - Done ✓
- Strong Volume candle at Support - Done ✓
- Demand Zone Retest & Consolidation - In Progress
#ALLCARGO #LOGISTICS
Date : 03-03-2024
Buy All Cargo above 90
Target of 101-109-115-130-144-150-173
SL 65
Strategy : RSI > 60 + EMA above 20 & 50
Duration few Weeks to Months
Please consult your financial advisor before investing
All research for educational purposes only.
Stock is ready to cross past barriers with good volumes
📊 Script: ALLCARGO
📊 Sector: Logistics
📊 Industry: Miscellaneous
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving breakout if it.
📈 MACD is giving crossover .
📈 Right now RSI is around 63.
📈 Price increasing along with volume which indicate Volume Breakout.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 85
🟢 Target 🎯🏆 - 92
⚠️ Stoploss ☠️🚫 -...
Allcargo Logistics' stock, on a weekly timeframe, appears to be nearing the completion of a cup and handle pattern, which is a bullish technical indicator. This pattern suggests the possibility of upward price movement in the near future.
Disclaimer:
I am not a SEBI-registered investment advisor and does not recommend buying or selling this stock.
I further...
The Allcargo chart indicates a period of consolidation at lower levels, with the latest week's candle showing buying interest at these levels. If it successfully closes above 280, we may witness a swift move to higher levels.
Incorporated in 1993, Allcargo Logistics provides integrated logistics solutions and offers specialized logistics services across multimodal transport operations, inland container depot, container freight station operations, contract logistics operations and project and engineering solutions
in weekly chart , stock making a higher high and lower low in parallel channel.
in daily chart , price consolidating in inside bar and continuously taking support at 20 ema; and facing resistance at ema 200. Today's moved broken the resistance & hidden triangle pattern with bullish candle , which supported by volume .
Price above all key moving...
All Cargo Stock is moving in a channel pattern and is currently at a lower level of channel pattern, making base/support. if it manages to hold the lower levels, we can see an upside/continuation of the channel pattern which will give us a good upside in the coming weeks/month span of time.
This is just my view please do your own study before any trade
BUY - ALLCARGO LOGISTICS
CMP - Rs. 286
Target - 1: Rs. 333
Target - 2: Rs. 382
Target - 3: Rs. 420
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Timeframe - 4-6 months
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Technicals - Bullish Triangle Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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ALLCARGO:- The descending triangle pattern has formed, if there is a breakout of the trendline, then the movement of the upside can be seen, till then keep an eye on the stock.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like...
AllCargo is really looking good in chart. A pennant is clear.
On the breakout of the pennant (~420) it will go further. The fib extn is shown in the chart.
SL (closing) we can put at ~390 level.
The price took nice support, RSI is rising. Only the volume needs to pickup.
There are generally three groups of patterns: continuation, reversal, and bilateral. Some traders classify ascending, descending, and symmetrical triangles in a separate group called bilateral patterns, and some only include symmetrical triangles in the bilateral group.
