DISTRIBUTION and LOGISTIC industry will be BLUSTED OUT because of Corona Virus Pandemic

Why logistics and distribution companies are in BOOMING ?

During the beginning phases of the pandemic, the business-to-business logistics market nearly halted. Supply chains were truly disturbed and new guidelines were quickly presented. On the other hand, the business to purchaser market has detonated similarly as with all shops shut, individuals in lockdown, went to the web to make their buys. Logistic organizations needed to rapidly quick track their development and advancement methodologies, while numerous immediately extended to a seven days per week activity, made huge interests in internet business, and individuals and resources needed to adapt to request.

In this scenario last week two fundamentally strong stocks, Transport Corporation India & VRL Logistic, are just  above their their breakout level.May watch out to add your Portfolio.

Transport Corporation India (CMP: Rs.254.95)

TCI from low of March'20 following uptrend channel. recently stock strongly breakout
downtrend line from Aug'18 & horizontal resistance line at Rs. 252.55.Above  current
market price , short term Target will be Rs.328 . Strong support Rs. 225 --215.

Technical breakout of Tata Power & Biocon Ltd.

 Tata Power(Cmp-71.65)

Tata power's  weekly technical chart have created Inverted Head & Shoulder pattern & above Rs 63 price breakout strongly with significant increase volume.Investors & traders may take position here & continue to buy on dips with stop loss Rs.62  with target Rs.100 in short to medium term.

 Biocon Ltd. (Cmp-Rs. 442.65)

Biocon Ltd. Formed a Cup & Handle Chart pattern from 20th Sept'20 above this price chart pattern will be comlpleted & may rise to Rs. 500 in short term with stop loss Rs. 417.

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