Allcargo long setup

Allcargo Logist can go long at 228 with stop loss of 200. Target 236 and 244.

Fundamentals are very strong and can buy hold with long term prospective

Highlights
Healthy Dividend payment history of 32%
Double growth in terms of overall net Profit (117 Cr) last quarter
Expected good performance for this quarter as well
Consistent and strong cash flow (consistent above 250+ cr)
Promotors holding More than 70%