Hey Family, there is a one more stock Which is showing a great opportunity and formed a ascending triangle pattern, Stock break's resistance zone and retest resistance zone, let's see breakout sustain or not. what is your view please comment it down. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose...
📈 Stock Name - Mahindra Logistics Ltd
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 470.
🚨Disclaimer: This is not a Buy or Sell...
Narrow consolidation happened on Weekly Charts and signs of reversal. Today it broke the downward sloping trendline. Good consolidation of Volume and reversal breakout. Relative Strength turning positive on Weekly Chart, already positive on daily chart.
Can give quick 15-20% return in short time. Good for long time too having potential to reach to previous high near 700.
A potential long term reversal candidate. This stock had been in a long drawn bearish trend. Over the last few months the fall turned into a sideways phase. Now the it seems that the scrip is ready to move up. Analysis down primarily on weekly chart but also in daily chart. Have a look!
Hey folks!
I have marked all the important levels along with the description.
This is my new concept which i have presented in the form of Buying Strategy.
Before moving further let me clarify the basic fundamental or basic requirement is that this will work in up trending stock or stock which is converting to an uptrend.
Reasons for picking this...
Mahindra Logistics is seeing a sector tailwind from Logistics Sector. While I don't see any specific pattern, the stock can give good moves provided it crosses 450 which happens to be 200 EMA, with good volumes on a weekly closing basis. Small Entry can be made, however big allocation can be done only after 450.
Disclaimer : Educational Content and not a...
📊 Script: MAHLOG
📊 Sector: Logistics
📊 Industry: Miscellaneous
Key highlights: 💡⚡
📈 Script is giving breakout of Descending Triangle in Daily and Weekly Chart.
📈 It is trading at upper band of BB and giving breakout of it.
📈 Already Crossover into MACD.
📈 Double Moving Averages giving Crossover.
📈 Right now RSI is around 66.
📈 One can go for Swing Trade.
...
Mahindra Logistics:
CMP : 404
Support : 380
Best : 395-400
Stock got bounced from trendline support.
Volumes also spiked up.
RSI at 52, which indicates further strength.
Closes above 10, 21, 40 DEMA.
Please do your own analysis or consult your advisor.
NO BUY / SELL RECO.
Idea is Simple Invest in stocks which Breakout with Volume.
Rather than targeting 20% to 25% profits for most of your stocks, the profit goal is a more modest 10%, or even just 5%.
Rule 1 : Respect Target & Stoploss.
Rule 2 : Hold the Trade until the Rule 1 is not met.
Rule 3 : On result day trail your SL at 15Min Time Frame
-Broke inside trend line with high volume
-now trading near resistance
-inside candle pattern
-50 EMA support
-Keep in radar above 450 can give decent return
Mahindra logistics is a stock which is showing strong technical signals of a bottoming with a major breakout of a range.
The level of 450 has proved strong resistance in past. Stock has broken it with volumes recently and is now retesting the breakout zone.
RSI positive divergence is clearly visible in chart. Levels mentioned in chart are crucial.
If stock...
MAHLOG | The perfect weekly close that we want
Looks like the stock is bottomed out and new trend is taking place
CMP : 448 (Dip : 420)
SL : 375
Target : 780
#Lead
The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading...
-currently 50 ema is major resistance which it already tested and sustaining just below
-bounce from lower levels, formed base already
-significant rise in volume shows strength
-after a bull run mahrashtra logistics retraced and sustained in lower levels for a long time and formed a strong base for upside momentum .
-from here it is looking good for another rally
Daily candle close ,above with three short term resistance with huge volume .Big players enter and strong fundamental stocks
Hoding give more rewards.
I am expecting 50% profit with in three month
