Snowman Logistics Limited
Snowman Logistics Limited's stock has hit an all-time high and is still rising, the company looks to be a great long-term investment.
Please read over and comprehend the Snowman Logistics Limited weekly chart. According to the chart, Snowman Logistics Limited is a good investment in the 80–82 range, has performed well thus far, and has a large potential for future growth.
Please see the weekly chart provided by Snowman Logistics Limited. The stock is now trading above horizontal resistance and climbing strongly after breaking out of the 80–82 zone. With a price of 85, Snowman Logistics Limited is currently in strong demand, as the image illustrates. The graph below illustrates the range of the anticipated growth phase, which is 105 to 110.
- Snowman Logistics Limited had a respectable breakthrough in the 80s–82s and has since expanded, it represents a great long-term investment potential.
- Based on the chart, Snowman Logistics Limited looks to be in a good position with room to grow, maybe reaching positions 105 and 110.
- Currently, between 80 and 82 is the optimum moment to purchase this stock since the risk-reward ratio is suitable for cash transactions.
- With a target price range of 105 to 110, the chart shows that the stock has broken out of an ascending triangle pattern.
For your reference, kindly refer to the Snowman Logistics Limited weekly chart. The weekly chart displays demand in the 80–82 price band, a breakout, and horizontal resistance. The stock rises in response to this strong demand.
Since the stock hit a new all-time high today, signaling a fantastic buying opportunity at the current price, please take note of the horizontal resistance and its breach. Thus far, the stock has met its goals at 105 and 110, continuing the rising trend shown on the chart.
From the rising triangle, Snowman Logistics Limited developed; the pattern's most recent objectives range from 105 to 110. Technical analysis uses the ascending triangle as a chart pattern. At the swing high and low, respectively, price fluctuations produce a horizontal line and a rising trend line. Triangle-shaped, are the two lines.
Due to strong demand for the stock, investors may look for long-term buying opportunities in the 80–82 zone. They may also take advantage of any dips in the stock, which might cause it to rise to the 105–110 level, indicating a favorable risk–reward ratio. Since this company has a large upside potential and every dip is an opportunity to invest, take advantage of them by buying it at any dip.
With a stop loss of 70 and price objectives ranging from 105 to 110, investors might gradually purchase the stock with cash.
When price volatility decreases prior to a notable gain, the stock or instrument can attain enormous volume and upside with a swift climb and target hit. This is known as a Volatility Contraction Pattern (VCP), and it is what traders and investors usually search for. Please visit our website and download the app from the Google Play Store for more details on VCP patterns. We also demonstrate the high accuracy pattern recognition.
Support and resistance are shown on Snowman Logistics Limited's weekly chart. Each level is shown in the spot chart.
|
Snowman Logistics |
Support |
Resistance |
|
Level 1 |
80 |
105 |
|
Level 2 |
70 |
110 |
Company Profile: Snowman is the leading provider of temperature-controlled logistics services in India, specializing in value-added services such as warehousing and distribution. Thanks to our integrated distribution solutions and state-of-the-art temperature-controlled warehousing facilities strategically located in Bengaluru, Chennai, and Mumbai, Snowman ensures the quality and temperature integrity of our customers' products from the point of origin to the spot of consumption.
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