Shorttermtrading
GBPUSD- Short-Term Trade SetupThe reaction of GBPUSD to the Bank of England's interest rate decision has been fairly muted. In the short term, we're looking for selling opportunities, aiming for a deeper reversal towards the 1.3146 level.
Key levels to watch:
Target 1: 1.3146
If price breaks below 1.3146, the next target is 1.3000.
Stop-loss recommendations:
Technical Stop: 1.3322
Conservative Stop: 1.3265
Keep these levels in mind as you plan your trades.
ALLCARGO Logistics are Stablishing and Sustaining in PerformanceNSE:ALLCARGO
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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
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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
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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.
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This is for illustrative purposes only. Do not construe this as investment advice