Sanjan91

CONTAINER CORPORATION OF INDIA. PRICE ACTION ANALYSIS

Long
NSE:CONCOR   CONTAINER CORP
CCI stock's price had a breakout above the trendline but for confirmation, we need the price to sustain above 748. This will be the confirmation for the uptrend.

Place the stop loss below the demand zone , because this demand zone is expected to support the price.

The ultimate profit booking target is given by the XABCD bearish crab pattern's 1.618 fib extension i.e, 914.

This is a monthly timeframe analysis, so give time for the price to adjust in case of fall and trail your profits.

Happy trading :)

This is just for educational purposes.