FALLING WEDGE BREAKStrong Falling Wedge Break Out in Weekly closing. Strong Volume. Double the Volume of Monthly Average.
ALLCARGO trade ideas
ALLCARGO LOGISTICS : Pole and Flag breakout with volumeThe stock analysed in multiple timeframes and parameter.
Pole & Flag : the inverse hammer candle follows with bullish candle, indicated the momentum in stock and today’s Pole and Flag breakout confirmed the bullishness in stock.
Channel Pattern : the price was moving upward and in parallel channel, and supply zone did not sustain the demand & resistance broken with unparalleled volume.
EMA & Volume : The point of convergence of EMA 20, 50 and EMA 200 with follow-up bullish candle with volume.
Thanks
-AJ
Disclaimer : The chart analysed for educational purpose only.
ALLCARGO LOGISTICS -Short Term :Bulls Counter attackALLCARGO LOGISTICS - Short Term :Bulls Counter attack , up trend as long as it sustains above 290 on closing basis. Potential targets - 330 & 373
Allcargo Logistics: TA (Near Breakout) & FAAnother good example of candles respecting Parallel Channel (PC)
◉Technical Analysis:-
Analysis with The Slope of Parallel Channel (SPC):
SPC B = SPC A1 and so SPC A2
SPC of D = SPC of E
And now we are at the breakout level of the Big PC B
Here we can see the PC A2 is formed near this breakout
Such same PC A1 was formed before the breakout at 294 on 2-Nov-21
Today, we got a strong body candle after the breakout candle of 320 on 26-Aug-22
Other indicators:
Volume: Since couple of sessions there's good buying volume above volume average
RSI: RSI is strong with positive divergence
RS: RS is also breaking above 0
Overall, all technical elements are strong towards bullish view once we get opening above 338 level.
◉Fundamental Analysis:-
Q1FY23 results were superb
Rev: 5674Cr Vs 3449Cr Q4
PBT: 358Cr Vs 336Cr Q4
PAT: 280Cr Vs 105Cr Q4
EPS: 10.8 Vs 4.8 Q1, 10 Q4
Demerger will bring strategic business units
One of the main reasons my view is bullish is because;
Make In India-Atmanirbhar-China+1
Cargos are major chunk of the India's export
Allcargo is into Contract logistics with Indian and International clients in chemicals, pharma, auto, e-com etc.
Offers 3PL - Logistics, Warehousing and other value added services
Major strategic areas of business:
International Supply Chain (MTO)
Express & Ecommerce Logistics
Container Freight Stations & ICDs (Will be covered under ATL after demerger)
Rental & Other annuity Businesses (Will be covered under TRLPL after demerger)
Hence, view is bullish considering both TA & FA points. And will be a good pick for LT portfolio.
ALLCARGO BULLISHALLCARGO LOGISTICS STOCK is near its trendline and resistance. If candle sustains above it you can go long only after doing your own analysis.
Entry price, targets and SL is given in the chart.
ONLY FOR EDUCATIONAL PURPOSE..!
Stock about to breakout - Allcargo LogisticsThe stock is about to breakout from a big resistance from December 2015. The price tried to cross the resistance several times but was unable to do so. This time the volume has been rising as seen in the chart so there seems to be a very possible chance of a breakout.
Note - This is not a recommendation, it is just for education purposes. Trade at your own risk.
ALLCARGO LOGISTICALLCARGO LOGISITC: As per industry PEERs ALLCARGO is cheapest stock trading at PE 8.6. fundamental are strong. On Technical note Stock as given trendline BO few month back that as been retested. Now looks good to enter at CMP. can given good return in mid to long term period. keep SL below the trendline.
At Support ZoneAllcargo Logistics is trading at major support zone.
If it sustains on this zone then we can see a bullish move.
But if it breakdown then a sharp fall can be seen.
So, keep this stock in your radar.
Disclaimer: For educational purpose only. Trade at your own risk.
Allcargo Logistics (Allcargo) : Daily setup for positional tradeThe chart has formed a double bottom formation with pivot point at 398.
383, 398 and 412 are also important support and resistance zones. Keep a close watch on the price action in these ranges.
The overall trend is positive though the stock my consolidate in the range between 369 and 383 in the short term. Beyond 383, 398 will act as immediate resistance and pivot point of the double bottom formation. The range between 398 and 412 can be used as buying range as well. Though aggressive traders can even take positions with 383 as breakout.
Short to medium term target of 472 and 500.
Very important is to set your stop loss and follow it very strictly.
All Cargo Cmp 355 dated 29.3.2022 1.02 pmAll Cargo Cmp 355 dated 29.3.2022 1.02 pm
1. Channel BO above 362
Buy for a tgt of 440 SL 320
It is just a view, pls trade at your own risk.
Ideal setup for swing trade with multiple buy signals - AlcargoRead the chart from left to right for a clear understanding.
Stock: Allcargo
Trade type – Swing
Buy level: 348.10 (above breakout candle)
SL: 318.75 (below the breakout candle)
Target: 398
Risk/Reward ratio: 1.7
The setup uses price action and two indicators – RSI & MACD for confirmation of the signal.
Chart formed a Gap on 02nd November. Gaps are formed due to strong buying/selling interest. These gaps are considered to act as strong support levels on the chart.
Rationale behind the bullish view:
- Price recently took support at the gap range and reversed its direction and started making higher highs and higher lows.
- The latest Strong green candle accompanied by good volumes broke out above the previous high.
- Price making lower lows but RSI making higher lows. This is a positive divergence indicating buying interest
- RSI above 55 and trading above its EMA indicates buying strength.
- MACD crossed over the signal line confirming the trend.
Taking the trade:
- The buy level is slightly above the breakout candle. The buy trade can be executed on an hourly timeframe if the price sustains above the breakout candle high.
- If the trade works out as expected, Although the target and SL are fixed in this trade, both should be shifted up when the price makes a higher high and higher low.
- Strict stop loss should always be followed for risk management.
This is not a buy/sell recommendation. I'm posting my analysis here to track it and to learn from the community.
Follow me if you like my analysis. More detailed trades coming up.
ALLCARGO SHORT TERM TRADEBuy ALLCARGO at 326.55
SL 287.8
Target 406.95
R:R 2:1
Reason for buying:
Its previous resistance is now acting like a support.
Given down trendline breakout and retest with good volumes
Allcargo LogisticsThe chart is self explanatory and analysis based on price movement, correction, breakout , consolidation and further breakout.
Thanks
#ALLCARGO long#ALLCARGO long
with strict SL-335
Buy above 355
Target-399+
CMP:352.95@ 6 February 2022
Swing tradeI am not a SEBI stock research analyst this recommendation is only for education purpose buy above any candle close above 380 with volume excepted return 10-15 % in a month SL any candle close below current candle
tr2good trendline support
50ema support
its trade between 20&50 ema wait for breakout
good for swing r as position
ALLCARGO Trend Following Trade setupHistorical trend is looking strong and momentum is on buy side, as per trend following rules, it should continue to create a new high. This is daily time frame, it can take time otherwise stop loss is always their to protect.
Consolidation in UptrendStrong uptrend followed by good volume contraction,
Respecting 50DMA and 20DMA
