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WEATH : Recovery ahead?Wealth First Portfolio Management Ltd – Daily Chart Analysis 1. Golden Extension Zone (113%-127%) Reaction The price reversed after reaching the Golden Extension Zone near ₹1,693.80. This zone acted as a strong resistance, pushing the price down into a key Demand Zone (₹1,355-₹1,331) . 2. Corrective Structure and Support The price appears to follow an ABC corrective wave pattern , with wave C nearing completion around ₹1,395.20. Initial support has been observed in the Demand Zone , suggesting potential for a reversal. 3. Trading Plan and Key Levels b Bullish Scenario If the price sustains above ₹1,355, it could rally toward the Golden Retracement Zone at ₹1,666-₹1,710. Key Levels: Target 1: ₹1,666.60 Target 2: ₹1,710 b Bearish Scenario A break below ₹1,319 (day close basis) may trigger further downside to the next Demand Zone at ₹1,127-₹1,155 . Stop Loss: ₹1,319 (day close basis). 4. Observations and Indicators Volume: Higher volume near the current Demand Zone hints at potential institutional buying. Moving Averages: The price is trading below the short-term MA, indicating caution until a confirmed reversal. 5. Macro Considerations Sector-related news or market-wide movements may act as catalysts for either direction. Monitor updates closely. 📈 Share Your Views Below! Does this setup align with your strategy? 🚀📉
NSE:WEALTHLong
by LiveTradingBox
ALLCARGO Logistics are Stablishing and Sustaining in PerformanceNSE:ALLCARGO ................................................................................................................................................................................................................................................................................................................................................... KEY BUSSINESS HIGHLIGHTS Global events coupled with high demand across trade lanes during the second quarter of 2024 (calendar year) has led toimproved volumes and increased freight rates. Demand is expected to continue through the peak season till end of theyear. LCL volume for the quarter ended June’24 stood at 2.25 million CBM, similar on YoY basis and representing a QoQ growth of6%. FCL volume for the quarter stood at 156K TEUs, similar to last quarter and up 9% on a YoY basis. ECU Worldwide onboarded a new leadership team in Argentina, Uruguay and Paraguay as part of growth initiatives in LatinAmerica. Contract Logistics business has reported a revenue growth of 13% on a QoQ basis and 22% on a YoY basis on the back ofincreased wallet share from existing clients. Express Business: Operating cost continues to get optimized to bring about future growth in EBITDA. For Q1FY25 EBITDAstood at Rs. 20 crores, up 11% YoY and 33% on QoQ basis ................................................................................................................................................................................................................................................................................................................................................... Supply chain market is estimated to be at ₹63,000 crores. • ASCPL is a leading pan india 3PL player with an expansive network • Market leadership in chemical warehousing and dominance in western India • Building strengths in auto & engineering and ecommerce ...................................................................................................................................................................................................................................................................................................................................................
NSE:ALLCARGOLong
by iism-ExpertTrading
Tata TechEnter NSE:TATATECH at CMP, with an SL of 1010. It seems that this gem from the Tata Sons empire is on the verge of an up-move in the coming weeks. Those willing to hold it for longer horizons may hold it till a close below 971.4, post which must take an exit. The formation of a reversal pattern post a prolonged downtrend, along with presence of a valid trendline with upto 4 touchpoints, makes this a significant breakout. This may also be a good time to allocate to this stock, from a longer term standpoint. ********************************************************************************************************************** This is for illustrative purposes only. Do not construe this as investment advice
NSE:TATATECHLong
by Samyak_Shah