Concor - Potential breakout
A stock which has fooled me multiple times. THe govt could fasttrack its disinvestment with many available buyers. Some budget moves today will help it too.
There is a golden cross in the moving averages after a long time.
The 200WEMA too is around 460 (Worth buying once it crosses that level)
So the trade i'd look for is if prices can sustain above 460 for a while. Look to enter above 460 for half allocation and if towards the end of the week prices manage to continue staying above then double down on the first allocation.
SL can then be 5% lower.
There is a golden cross in the moving averages after a long time.
The 200WEMA too is around 460 (Worth buying once it crosses that level)
So the trade i'd look for is if prices can sustain above 460 for a while. Look to enter above 460 for half allocation and if towards the end of the week prices manage to continue staying above then double down on the first allocation.
SL can then be 5% lower.
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