Analysis & Trade Setup:
ALLCARGO is showing a strong bullish structure on the 1H timeframe, forming higher highs and higher lows consistently. After a recent correction, the price has resumed its upward movement and is now heading toward the key resistance level of ₹38.16, as marked on the chart.
The bullish impulse is supported by a healthy retracement followed by a strong bounce, suggesting buyers are stepping in around the ₹32–₹33 zone.
Trade Plan:
Entry: Around ₹35.00–₹35.20 (current price region)
Target: ₹38.16 (as per previous swing high and resistance level)
Stop Loss: Below ₹33.00 (below recent higher low)
Risk–Reward Ratio: Approx. 1:1.5
Reasoning: This setup follows a simple breakout and retest strategy. If momentum sustains, we may see a breakout above ₹38.16 leading to a potential continuation rally. Keep an eye on volume confirmation near resistance.
Note: This is a short-term swing idea based on the 1H chart. Please manage risk accordingly and follow your trading plan.
ALLCARGO is showing a strong bullish structure on the 1H timeframe, forming higher highs and higher lows consistently. After a recent correction, the price has resumed its upward movement and is now heading toward the key resistance level of ₹38.16, as marked on the chart.
The bullish impulse is supported by a healthy retracement followed by a strong bounce, suggesting buyers are stepping in around the ₹32–₹33 zone.
Trade Plan:
Entry: Around ₹35.00–₹35.20 (current price region)
Target: ₹38.16 (as per previous swing high and resistance level)
Stop Loss: Below ₹33.00 (below recent higher low)
Risk–Reward Ratio: Approx. 1:1.5
Reasoning: This setup follows a simple breakout and retest strategy. If momentum sustains, we may see a breakout above ₹38.16 leading to a potential continuation rally. Keep an eye on volume confirmation near resistance.
Note: This is a short-term swing idea based on the 1H chart. Please manage risk accordingly and follow your trading plan.
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Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.