In the above weekly chart of Snowman Logistics NSE:SNOWMAN , we can see H&S (Head and Shoulders) pattern formation over a period of nearly 7 years and now it has broken out from the pattern. Re-test of the neckline also seem to have been done in last few weeks and neckline provided good support.
If we measure the height of pattern, it points to 112 levels which...
SNOWMAN MONTHLY CHART
Ellipse breakout @ 71.50 MOB 130-137 Support @ 46
This stock has witnessed an ellipse breakout @ 71.50 levels, Target MOB projected @ 130-137 levels.
Its only an observation & not any suggestion or recommendation.
Here is my analysis provided on SNOWMAN logistics. If we see a retracement and sustains then it can make a move on the upside around 5%, then facing liquidity levels. If it sustained past that then Monthly liquidity could likely be swept. On the downside, failure of retracement can suggest more downside. This stock is likely to benefit from the fall in oil prices...
W pattern breakout on monthly timeframe with good volume. Also volume is above average from past few months so seems like people are entering and showing interest.
Stock name = Snowman logistics Limited.
✅ #SNOWMAN trading above Resistance of 75
✅ Next Resistance is at 106
✅ moved 28% in 7 weeks
Daily chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for...
1. Very Good R:R ratio.
2. Accumulation can be done with small Qty between Rs. 62 to 68
3. Strict STP Rs. 59
4. Near to cross triple top
5. Promoter, FII AND DII increasing their stake.
6. Profit increase year on year however price is below 2018 level.
Stock name = Snowman logistics Limited.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not...
After Multi Year down Trend finally price out from down trend and break the multi year resistance and sustain above . If price not sustain below 46 then high probability price test 144 level and above .
Script name : Snowman logistics ⛄
Cmp 50
Sl below 48
Tgt 60-70+
Fresh 52week breakout
Increasing profit every quarter
Debt to equity ratio of 0.61 only
Levels mentioned on chart further any doubts ping me please ..
Will see a new breakout above 70 so wait patiently and do follow SL accordingly.. will update the idea if anything comes up
Note : Just n...
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
Snowman Logistics Ltd - 23.12.2021
The stock is trading @ 41.90
The prices are above ema
There is a MACD Bullish Divergence in Weekly Chart
Stochastic is overbought in Hourly Chart
RSI is overbought in Hourly Chart
Let the prices go above 43
watch out for the price action
