ALLCARGO LOGISTICS (1W TF) - Swing Trade Analysis given on 23rd March, 2024
Pattern: AT WEEKLY SUPPORT
- Pullback candle at Weekly Support - Done ✓
- Strong Volume candle at Support - Done ✓
- Demand Zone Retest & Consolidation - In Progress
#ALLCARGO #LOGISTICS
Date : 03-03-2024
Buy All Cargo above 90
Target of 101-109-115-130-144-150-173
SL 65
Strategy : RSI > 60 + EMA above 20 & 50
Duration few Weeks to Months
Please consult your financial advisor before investing
All research for educational purposes only.
Stock is ready to cross past barriers with good volumes
📊 Script: ALLCARGO
📊 Sector: Logistics
📊 Industry: Miscellaneous
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving breakout if it.
📈 MACD is giving crossover .
📈 Right now RSI is around 63.
📈 Price increasing along with volume which indicate Volume Breakout.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 85
🟢 Target 🎯🏆 - 92
⚠️ Stoploss ☠️🚫 -...
Allcargo Logistics' stock, on a weekly timeframe, appears to be nearing the completion of a cup and handle pattern, which is a bullish technical indicator. This pattern suggests the possibility of upward price movement in the near future.
Disclaimer:
I am not a SEBI-registered investment advisor and does not recommend buying or selling this stock.
I further...
The 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.
BUY ALLCARGO PRICE @256.30 50% ROI EXPECTED
Buy1 cmp entry @ 256.30
Target 1 @ 386.40
ROI 1 @ 50%
Buy2 Pending entry @205.80
Target 2 @ 386.40
ROI 2 @ 87.74%
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Buy Allcargo in Intraday for target of 275.75. Enter around 269.55 to 270.60. For more such interesting & exclusive (via chat on this forum) ideas & predictions do hit the like button & follow my user id- thank you
Incorporated 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
in 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...
