The 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...
Today 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
ATH 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...
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...
ALLCARGO LOGISTICS LTD GOOD FOR SWING TRADE
cup and handle pattern breakout with volume breakout
stop loss =375
buy= 418.65
1sttarget =458
2nd target =499
It seems like WXYXZ correction is over and fresh impulse started. With-in first impulse, we are in minor 5 of major1. Another possibility, is WXYXZ (W) and now ABC (X) is going. Later (Y).
Allcargo Logistics-Has Formed Falling Channel Pattern Breakout Daily Time Frame. Entry Zone-340/360.Expect a Target on This Stock-440/450 Stop Loss-318 Closing Basis. only Education Purpose.
