Sivaprasad93

Concor near breakout

Sivaprasad93 Updated   
NSE:CONCOR   CONTAINER CORP
The stock is in uptrend and formed a triangle at horizontal resistance. We can see good volume in the last candle showing buyers strength.Looking at the RSI we can see it has also formed a triangle and broken it.
Comment:
This stock also closed in negative but if we check the 1 hr time frame its just another pullback. We can see the candles were getting smaller to the end of the day landing safely at support.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.