ALLCARGO trade ideas
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.
Buy Today, Sell Tomorrow: ALLCARGODON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:00 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 5-7% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 3% or closing below the low of the breakout candle
The levels mentioned on the chart are calculated using the BREAKOUT INDICATOR
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
ATH Resistance Breakout in ALLCARGO
Buy Today, Sell Tomorrow: ALLCARGO
ALLCARGO - A long term viewThe stock has closed at a price of 391.65 which is just a fraction short of moving above all important EMA and make it technically bullish.
Fundamentals of the company have significantly improved which is a good sign.
Since the EMA crossover in the month of August we have seen the price hit a fresh high of 452 levels.
During this rise we have witnessed a pullback at the levels of 328.
Current levels are showing signs of another pull back and if we have prices moving or closing above 394 we could see the levels of 452 being hit once again.
There could be some resistance at around 413 levels.
The projected growth for logistics sector is around 15% which is currently at 10.5%(approx.)
So keeping a stop loss at around 375 one can go long in this counter above 394 for a target of 452 on a short term basis.
From a long term point of view 600 levels look a decent shot.
Cup and Handle and Trendline Resistance BreakoutToday I picked ALLCARGO because, it broken trendline resistance on closing basis. The following factors are considered by me for picking this.
1. High Volumes at breakout.
2. Cup and Handle pattern breakout
For BTST trades Keep profit as 2% - 3%
Keep SL and Target profits mentioned on the chart for short term swing trades.
Please consider these for educational purposes
ALLCARGO LOGISTICSATH Breakout
Good Move after Breakout
RSI above 80 shows maybe little correction after a little move.
Fundamentals improving quarter by Quarter
Only concern is Holding of FII & DII decreasing
Dividend payout in every Quarter
National logistics day is to be inaugrated on 17 september.
the next concern is that the stock is already in news and everywhere anytime it can change direction.
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 418
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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# Ichimoku Cloud
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