ALLCARGO LOGISTICSALLCARGO LOGISTICS
ALLCARGO LOGISTICS is forming a good pattern, there is a good accumulation happening at current levels.
ALLCARGO LOGISTICS is Symmetrical chart pattern breakout wait for entry about of confirmation candle.
This channel is for only educational purpose. Any Profit/loss, I am not responsible.
Sector: Transportation
Industry: Marine Shipping
ALLCARGO trade ideas
Allcargo - Trade The FlagOur First stock in Trade The Flag - Allcargo
Allcargo Logistics is a leading multinational Company engaged in providing integrated logistics solutions and offers specialized logistics services across multimodal transport operations, inland container depot, container freight station operations, contract logistics operations and project and engineering solutions.
The company has a healthy dividend payout record.
Net profit has increased to the tune of approximately 239% over last financial year.
As compared to sales ending in Q1, sales increased by 1529 in Q2 and with improving conditions post covid-19 scenario:
Expected revenue growth of 33.53% for next year
Expected earnings growth of 54.32% for next year
Hopefully with another stellar performance in the coming half of the year we can see the price rising to 500 levels.
The price has already made an all time high and since has been moving in a sideways zone a break out above suggested levels would definitely take the price soaring high.
AllCargo - BullishAll Cargo CMP - 160.65
Looking bullish and given breakout in higher time frame. One can go for Short / Long Term Trade Setup with the following entry, exit & targets.
Buy Range 155 - 160 / Stop Loss 137
Target 1 - 180
Target 2 - 200
Target 3 - 220
Disclaimer: This is my view and for educational purpose only.