Allcargo Logistics Limited

Allcargo Logistics (Allcargo) : Daily setup for positional trade

110
The chart has formed a double bottom formation with pivot point at 398.

383, 398 and 412 are also important support and resistance zones. Keep a close watch on the price action in these ranges.

The overall trend is positive though the stock my consolidate in the range between 369 and 383 in the short term. Beyond 383, 398 will act as immediate resistance and pivot point of the double bottom formation. The range between 398 and 412 can be used as buying range as well. Though aggressive traders can even take positions with 383 as breakout.

Short to medium term target of 472 and 500.

Very important is to set your stop loss and follow it very strictly.

면책사항

해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.