Equity-Earningz

CONCOR : Risk/Reward 1:6

Long
NSE:CONCOR   CONTAINER CORP
Concor
Long 562
Stop 543.85
Target 666
Risk/Reward 1:6

I will post detailed analysis in updates later.
Trade active
Comment: Concor Weekly Detailed Analysis. I am keeping the text low. Because no one has that much time to read. If you have any question or doubt feel free to comment.
Comment:
Comment: After all, It is a Navratna PSU under the Indian Ministry of Railways. Improvement of railways are under focus. And most important, It is in list of stack along with BPCL.
Comment: Container corporation gaining momentum ahead of the budge on February 1, 2020
Trade closed manually: Exiting concor at 568. Entry was at 562

Not wanting to get caught by the budget volatility, the market will give us many more opportunities to trade safely.

Comments

I new in TA...It will face resistance at 581 and may be chance of reversal? Please reply
Reply
Equity-Earningz abhijawarkar
@abhijawarkar, Sir, I don't see anything specific at 581 levels, or maybe I'm missing something. I will be glad to discuss it with you if you enlighten me, why 581 should be a resistance?

We can discuss it. Thank you!
Reply
abhijawarkar Equity-Earningz
@Equity-Earningz, Today it make high of 581.90. I will be bullish only if it sustained 10 min above 581.90
Reply