AJAYSHARMA

Use Ichimoku to confirm counts

Long
NSE:CONCOR   CONTAINER CORP
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Concor may be looking forward to a powerful wave 3 as per Elliott after the upper trend channel is broken upwards.

In such a condition if Ichimoku confirms probabilities increase . Use daily chart here . The daily chart will let you take profits when the scrip hits resistance levels at weekly and monthly charts and will also give you a chance to re enter. In the present daily chat since the price is above all lines and Chikou span is above candles the equilibrium is bullish . Since all lines are pointing upwards the direction is up . And
there is also a small Kumo twist.

But wait for upper trend channel to be broken and becoming a support.
Lets see what happens .
Regards

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