Allcargo Set to sail into new blue sky zone

Allcargo Logistics' stock, on a weekly timeframe, appears to be nearing the completion of a cup and handle pattern, which is a bullish technical indicator. This pattern suggests the possibility of upward price movement in the near future.

Disclaimer:

I am not a SEBI-registered investment advisor and does not recommend buying or selling this stock.
I further discloses holding a position in Allcargo Logistics and intends to maintain the position in anticipation of India's infrastructure growth story.

Please note:

Technical analysis is not a foolproof method for predicting stock prices. Investors should always conduct their own research and due diligence before making any investment decisions.