SNOWMAN trade ideas
Snowman Logistics 10% up move possibleFundamentally not convincing company, but after cup and handle breakout (above 56.5), 10% up move is possible.
Snowman LogisticsIn few trading session Snowman Logistics may break level of 56. If this happens this may lead to breakout of inverted head & shoulder pattern.
This is clearly knowledge sharing. No any advice to buy or sell any share. Not SEBI registered.
Your suggestions & comments are most welcome.
snowman logistic buying opportunity we can see a fib level support and also down trend reversal on daily chart pattern
Snow man logistic buying opportunitySupport levels from fib level 61.8% and we can see down trend reversal in this stock on daily chart
Long Setup in snowman LogisticsCold Storage and Logistics are having tailwind, having nice bullish technical setup Snowman may touch 10. Sl:41
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#Snowman LogisticsSnowman again at a strong support. High probability of bounce back. Just imagine if #Pfizer gets approval for vaccinations in India, who would be one of the biggest beneficiaries ;-)
#Snowman LogisticsTrading at a strong support. Good pullback from the breakout rally. Currently in the oversold territory. Could give a good bounce back!
Snowman Logistic is on support levelSnowman logistics on support level & Oversold Zone:-
How to trade it-
condition 1- Short for next level of Rs-45 if it continue to move down form this level too.
condition 2- if trend reverse then buy for level of Rs-61 with only bullish confirmation candle.
Snowman is on crucial pointsCondition 1-Go long if any bullish reversal candle with bullish confirmation candle formed.
condition 2- Short if it breaks its support area with high volume.. This is very strong support zone so be cautious , opportunity is there...
Snowman - Next Trend Change will happen on 1st Feb 2021
Harmonics Trend Change - Feb 1, 2021
Target - above Rs. 90 - go Long
SNOWMAN trading ideaWe all know about the vaccine cold storage facility and logistics requirement and that’s why this stock should be in your watchlist.
Coming to the technicals it is fair enough to say that a rough flag and pole can be seen and an upside momentum above 71-72 will lead to 94 levels which is also a good resistance beyond which we may see 105 levels. Will be going long on this not so expensive stock.
Do your analysis before entering
Snow Man Logistics - When will it go up again?December 23, December 24 - dates to watch Snowman Logistics based on WD Gann Harmonics and Time Cycle.
If you have bought this, you can still hold and test above dates. Stock will break its previous high? - Let's see...
What are we talking about?
Snowman Harmonics Pattern - December 23, 24
Snowman - BullishSnowman Logistics CMP - 66.20
Looking bullish in higher time frame. One can go for Swing / Shorterm Trade setup with the following entry, exit & targets
Buy Range 62 - 66 / Stop Loss 56
Target 1 - 75
Target 2 - 80
Target 3 – 85 / 90
Disclaimer: This is my view and for educational purpose only.
Snowman - Buy for potential 50% upside. Snowman - India's Largest cold chain logistics company. Rallied more than 90% in a month and may continue to do well in a short term. This is the only listed pure-play cold storage service provide which has partnered with SpiceJet recently for storage, transportation and distribution of Covid-19 vaccines. Technically it is trading near its strong resistance at ~ INR 70 and breakout at this level can take it to INR 95 as first target and then 115-120 ...Who know it might break its all time high which may lead to even bigger moves.
Flag Pattern Break out with huge volume spikeFlag Pattern Break out with huge volume spike
CMP 64.90
SL 54
Target 70,80 & 90
Buy Snowman Logistics at Rs. 47 (Once correction happens) Target - Rs. 90++
Snowman Logistics will help in Covid19 vaccine transportation - this will be huge. Soon we will hear capacity expansion for meeting volume demands and stock will go up.
Target Rs.90++
Buy after correction happens .. buy at Rs. 47 - should happen in next week
Breakout with Huge VolumesBreaking a long down trendline with huge volumes for last 2 consecutive days. This stock can be accumulated after a retracement at around ₹ 56 & can be held for short term/ Swing Trade with a Target of ₹ 70.
SNOWMAN LOGIST InvestingLooking good for investment....
IPO price is 47
Snowman is a leading integrated temperature controlled logistics service provider operating across locations servicing customers on a pan -India basis "Presence Across Nation"
