A Bullish Breakout of Flag and Pole pattern is visible on the Weekly chart of NSE:SNOWMAN
MACD already gave Positive crossover on Daily, weekly and monthly chart. So, expecting the momentum to continue.
One can create a fresh position in the scrip as per the levels mentioned on the chart.
If you like it Make the rocket fly to boost the idea.
Risk...
This Logistics company has formed cup and handle formation on weekly charts. Technical Indicators show strength for the short run. Buy @ 74.40 with SL @ 62.58 and Tgt @ 93.24
Snowman logistics weekly chart has shown a breakout on a w formation with good volumes.
Retest on daily chart is already done.
Expected good Quarterly earnings.
SNOWMAN LOGISTICS, showing good Breakout stucture with the help of Increasing Volume.
so plz keep on eye for swing or Long Term Investing
KEEP ON RADAR
Snowman has given a weekly breakout. Stock can be on watchlist.
Minimum target is 68-69 with SL below 42 DCB.
Idea shared only for educational purposes. It is not a recommendation.
Snowman logistics at 76.5 CMP
Broke 70 with good volumes and big bullish candle formed.
It took resistance last time it tested 70 odd levels. Today is up by more than 12%.
Next big resistance as per volume profile is 80-83 levels. I.e it made it 5-6 years ago.
That would be great if it also crosses those levels. Multiple year breakout for any stock plays...
Looking good at this point with a rounding bottom in monthly charts
Can give a breakout from 55-56 Levels
Targets 65/78/102. Hold this for few months.
Above 137 Watch this will BOOM !!!
Check fundamentals this is not a buy call ppl...
SNOWMAN LOGISTICS results came out on Aug 1 with 80% increase in Net Profit and 82% EPS growth. Current dip due to dividend cut.
Entry - CMP (any dip)
Targets - 57/67/90
SL - 47 or close below 21EMA)
Study the stock & trade responsibly. Educational post only.
Snowman is in bullish mode. Long entry can be taken above 46 after the BO with an SL of 41 for the next target price of 55. Good risk-to-reward ratio. This is for your educational purpose only.
DON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 3-5% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 1% or closing below the low of the breakout candle
The levels mentioned...
