GETTING READY FOR 23 % OF RISE IN MID 2023 ITSELD SPOT 360 Mahindra Logistics Ltd is an Indian supply chain and logistics company that provides a range of services to its customers. It offers services such as warehousing, transportation, distribution, and third-party logistics. The company also provides value-added services such as inventory management, packaging, and reverse logistics. Mahindra Logistics Ltd is a part of the Mahindra Group, a leading multinational conglomerate.
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MAHLOG
Descending Triangle Breakout - MAHLOG📊 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.
Weekly Chart
⏱️ C.M.P 📑💰- 444
🟢 Target 🎯🏆 - 485
⚠️ Stoploss ☠️🚫 - 428
⚠️ Important: Always maintain your Risk & Reward Ratio.
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MAHLOG - Ichimoku Breakout📈 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 434.
🚨 Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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MAHLOG is on the verge of breaking out of 2.5years old trendlineThe stock is attempting to breakout from a major trend line resistance that has kept the stock in a 'downtrend' for almost 2.5years now.
A close above INR 400 could mean a quick run for the stock towards INR 420 level.
Above INR 420 however is the region where the stock would almost 'fly' towards INR 500.
But since 420 is a prior supply zone one could expect some congestion in the 400-420 zone before the stock takes out 420.
INR 360-420 can also be considered as a long term accumulation range in the stock. The stock has spent almost 10-11 months in this range giving ample time to the interested parties to accumulate it for the future.
A breakout above the trendline and also above 420 could provide some great momentum to the stock in coming weeks/months to scale up to INR 500 mark.
Note*- The explanation of chart is based on personal opinions/observations. Please do your own research before making any trading/investing decisions.
MAHINDRA LOGISTICS - LifeTime High Retest Setup - Swing TradeThe above analysis is done purely on basis of Price Action & Chart Patterns.
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management.
Feel Free to comment or message me for any query or suggestion regarding this stock or Price Action Analysis.
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups.