Patel Integrated Logistics is near its multi year Resistance to the break the triangle pattern.
Execute Long above 38 for a long term target of 80 & above. Keep the Stoploss at 20.
The company have started performing better and the incoming volume started to spike up.
Kindly share your valuable feedback.
Disclaimer: This view is for educational purposes only....
Observations- on the Chart.
I see a new trend setup in Patel Integrated Logistics.
But it can be the correction of the old (continuation to the downside though probability seems less likely) .
Hope to see it does what I made in the chart.
It might have ended its correction phase and entered a long term bullish outlook, confirmation awaited. NSE:PATINTLOG...
Patel Integrated Logistics Ltd. provides surface logistics and road transportation services. The firm operates through the Surface Transportation and Consolidation of Cargo segments. Its services include PATEL Airfreight (PAF) and PATEL Warehouse. The company was founded in 1959 and is headquartered in Mumbai, India.
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