Container Corporation of India Ltd (CONCOR) READY TO CONQUER
Container Corporation of India Ltd (CONCOR) provides inland container transportation by rail and manages ports, air cargo complexes, and cold chains. It has a market cap of ₹47,778 Cr.
The company is almost debt-free and maintains a healthy dividend payout of 54.9%.
Technical Analysis : Respecting its previous low and forming a triple bottom type structure. On the weekly chart, it has formed a bullish harami candlestick pattern in a downtrend, which is a confirmation to go long. With a very small stop loss of 25 points, one can aim for the target mentioned and trail accordingly.
The company is almost debt-free and maintains a healthy dividend payout of 54.9%.
Technical Analysis : Respecting its previous low and forming a triple bottom type structure. On the weekly chart, it has formed a bullish harami candlestick pattern in a downtrend, which is a confirmation to go long. With a very small stop loss of 25 points, one can aim for the target mentioned and trail accordingly.
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