Allcargo Logistics - Upmove Possible?volume spike on daily charts
closing basis trend line breakout on weekly
expecting quick upside after support formation, worth following
ALLCARGO trade ideas
Allcargo Weekly - Nov 6, 2023The 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.
ALLCARGO | 12-22% target | SwingIncorporated 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
Allcargo - Range Breakoutin 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 average.
Thanks
-AJ
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
#Short term to long term StockAll 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
BREAKOUT, ALLCARGO LOGIS, 46% RETURNS!!!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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ALLCARGOALLCARGO:- 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 this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
AllCargo: Pennant PattenAllCargo 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.
pattern in allcargoThere 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.
ALLCARGO#ALLCARGO is looking good on the charts. We can see a good PB from the All time high and now it's picking up again. It's looking good to buy with a SL below the swing low.
AllCargo, too many patterns in the making.. waiting for breakoutA cup and handle is being seen in the weekly timeframe that gives us a target of 575.. the fibonacci level of 2.618 gives us a target of 520. An ascending triangle in formation on Daily Time Frame which is yet to give breakout may also give a target close to 520 .. May give good upside of 520 keeping a tight SL of 410 on daily closing basis
Allcargo breakout Allcargo After breakout retesting wait for the level of support to trade for the target of 520 from support level
Multiple Resistance Zone BreakoutOn the weekly time frame the stock has decisively broken out above "Multiple Resistance Zone" form around 400 level.
Stock was consolidating above the breakout area between 445-380 in this week it broke above this consolidation range indicating stock may pick up an upside momentum.
This breakout is accompanied with rising volume, which normally dried up during the "consolidation "pattern.
The daily and weekly strength indicator RSI is in bullish mode and weekly RSI holding above its reference line which indicate positive momentum
The above analysis indicates an upside of 512-543 levels.
ALLCARGO LOGISTICS> ALLCARGO LOGISTICS
> Can give breakout
> Follow the price action and wait for the trade
ALLCARGOALLCARGO:- formed rounding bottom pattern and also break the important level and retest the level. good stock keep accumulate
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 this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Allcargo Logistics... a postional play on the logistic sectorThe stock is currently trading in the range between 385 and 450. Significant price action can be seen beyond 450.
The price of 385, at the neckline, can act as a good support zone. Also on a weekly chart, the stock price is also trading above the 40 weekly moving average.
Trade with a stop loss of 5-8%.
Note: Not a buy/sell recommendation. Do your own research and consult your investment advisor.
Triangle pattern BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking profit for 1% - 2%
For long-term trades look out for resistance drawn above closing
ALLCARGO - Ichimoku Bullish Breakout Stock Name - Allcargo Logistics Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 460
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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Allcargo Logistics A closing above 445 can
get about a 10% upward move.
Volume is good today.
RSI 60
SL 403
All Cargo - VCP All Cargo Logistics is India's leading logistics solution provider.
If price sustains above neckline, it can trigger a fresh rally.
There are looming risks from logistics slowdown from recession, which is evident from the Delhivery share price debacle recently.
However, the technical set up is strong, and the company has shown strong growth at a relatively attractive PE Ratio of 10.
ALL CARGO |SHORT TERM TRADE|Cmp 430
Sl -380
Target 480-500+ as per your comfort
Good volumes breakout and retest done looking good.....
