BharatJhunjhunwala
Long

CONCOR gaped up with forming bullish candle & closing at highs.

NSE:CONCOR   CONTAINER CORP
CONCOR: The stock opened with a gap up and the prices continued up during the day. The prices closed near the highs. The prices have been making a falling wedge pattern with falling volumes. The RSI took support at the 40 levels and bounced up, MACD turned positive (though it is below zero line) there is a minor resistance at 585 levels, the stock is expected to retrace to 565 – 570 levels, watching price action entries can be planned for higher targets of 604, 619 & 625 levels. However a move below 540 will negate the bullish view.
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