Lookout for Buy opportunity in ALLCARGOALLCARGO has got a strong breakout on the Monthly chart. Lookout for price action for a buy entry once stocks starts moving higher
ALLCARGO trade ideas
All Cargo heading all time highAllcargo is ready for multi year breakout and post levels provided on chart might see huge spurt.
On weekly as well as daily charts stocks is increasing with good volume.
This analysis is for educational purpose only
AllCargo - Investment StockIts buy in dips as long as price stays above 172 - 174 for the targets 184, 192, 198, 208 and 220.
Note : Consult your financial advisor before investing.
ALLCARGO Break out tradeNSE:ALLCARGO
All levels updated on chart,
Buy only price sustains first 15 mins above the entry level.
support level will be the SL.
ATH stock, T & F both looking good, Position holders can use the nearest SL and day traders, strictly support level.
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Allcargo - CMP: 159The stock has given a Rounding Bottom breakout on the daily chart. RSI indicating continuation of the uptrend. We can expect price movement up to 175 in the near term.
ALLCARGO - Cheap Valuations, Good Fundamentals, Technical BOFundamentals:
+ Cheap Valuations: Market Cap/Sales only 0.37, Price to Book 1.71
+ Highest Quarterly Sales Highest Yearly Sales (79% YOY)
+ Over the last 5 years, revenue has grown at a yearly rate of 5.61%, vs industry avg of 2.84%
Technical:
+ 4 years Price Range Breakout with Massive volume in month of June
+ Price Higher High - Higher Low on W Chart
+ Increasing Volumes since last few months
+ MACD and ADX Bullish on D-W-M Timeframe
ALLCARGO Consolidation breakout it has given a consolidation breakout on weekly chart with good volume.
volume was considerably high during past few weeks. rally likely to continue, since it has given breakout after consolidation of 6 months.
ALLCARGO LOGISTICS- Stock is trading in the cup and handle pattern.
-Stock break and sustain above 164 Next level to180/215 levels .
-Support is near 130 level on chart.
Allcargo: resistance breakout done can buy above day highbuy above 164 in intraday and swing
for swing trade can add in dips till 150
stoploss for swing is 138.
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
Allcargo Logistics - Ascending Broadening WedgeAscending Broadening Wedge is continuation pattern.
Pattern has given a breakout with a big move and strong volumes.
Target 200, 235
Stop loss - Below 145. Closing basis.
Use your own discretion
Not sebi registered
Allcargo Buy at CMP 137. Tgts mentioned in the chart.Allcargo buy at cmp 137
Tgts 142/155
Its a positional short to mid term trade
Trade at your own risk.
@nchitteti
ALLCARGONote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading.
