Tigerlogistics - A Small Cap company (having a market cap of Rs 833.27 Crore) operating in Logistics sector. The initial call on Tiger Logistics was given around 440. Today it surpassed 866 levels in Intraday resulting in a gain of nearly 97%
Technicals:
1) On Monthly - The Rally on Tiger started with a Cup and Handle BO above 290 levels. Further to this, it rallied up and took a 0.382 Fib retracement to form a Fresh Rounding Bottom Pattern
2) BO of new RB was done above 480 and targets were set for 625, 700
3) On Weekly - it again formed a smaller rounding bottom pattern with BO above 600 by which time the Targets were extended to 866
4) There is also a Parallel Channel seen on Weekly with the Price coming closer to upper Trendline resistance
Today the Tiger "Kissed the Target of 866" during Intraday but fell down slightly towards day close. We expect a slight retracement from Upper Trendline before the Tiger starts Pouncing to next higher level - 1200+ based on Fib Extension
Disclaimer:
Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions.
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-Team Stocks-n-Trends
Technicals:
1) On Monthly - The Rally on Tiger started with a Cup and Handle BO above 290 levels. Further to this, it rallied up and took a 0.382 Fib retracement to form a Fresh Rounding Bottom Pattern
2) BO of new RB was done above 480 and targets were set for 625, 700
3) On Weekly - it again formed a smaller rounding bottom pattern with BO above 600 by which time the Targets were extended to 866
4) There is also a Parallel Channel seen on Weekly with the Price coming closer to upper Trendline resistance
Today the Tiger "Kissed the Target of 866" during Intraday but fell down slightly towards day close. We expect a slight retracement from Upper Trendline before the Tiger starts Pouncing to next higher level - 1200+ based on Fib Extension
Disclaimer:
Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions.
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends