All cargo formed a round bottom with depth of 45 pts from neckline to the bottom in 7 months with the formation being complete at 200.45 . A tgt of 245 can be seen in mid term with entry points being above 200 on closing basis and stoploss below the low of the breakout candle
Going below 181.40 will put pressure on ALLCargo & In its resistance zone 217-220- It had a bearish engulfing candle. which is good sign of weakness in the stock for coming days.
