AbhishekHSinghCMT
Long

Container Corp- Boom- pushes up from trendline@1180-Can we buy?

NSE:CONCOR   CONTAINER CORP
485 15 12
As per previous update- "Container Corp- Dividend can explode container from 1120-1140" - well container came close to expected zone & missed by a marginal gap of 40 points compared to the fall from 1336 to 1180 -which was a rocket move.

There was a bullish engulfing candle & container pops up to 1223 & doing sideways - so will it start moving upside - a million dollar question.

Trading Strategy

Well in coming sessions if it crosses the rejection zone of 2 times, which is 1240 mark & sustains above that -it will be a sign of bullish move upside.

or it attempts once again to 1195-1205 zone, but staying above the trendline & most important 1180 swing low as shown earlier in the previous chart& interim updates- that could be an opportunity to buy or take long positions.

You would love to read my previous update


Container Corp- Dividend can explode the container from 1120-1140 mark
Trade active: 09:48 Hrs 8th March2017

Last Price@1219

Day's Low@1202

Look at The Magical Trendline- Boom -Bounced again from 1202 -Day's lowest point- Making very strong trendline as contact points are increasing- In all there are 4 contact points including today's low.
Trade active: 09:53 Hrs 15th March2017

Last Price@1251

Slowly & Steadily Container is creeping upside with 1202 as key support in the present. Trendline gave us lot of opportunities like buying at 1180's then push up & falling exactly on trendline at 1202 & bouncing off that level- you can't ask more from market as more never ends.
Trade active: 19:37 Hrs 30th March2017

Last Price@1267

It took almost 1 month or 30 days for sideways move keeping 1202 intact so likely we could start an explosive move upside- need to keep a watch on the counter.
Trade active: 10:31 Hrs 31st March2017

Last Price@1285

It is coming out of 30 days consolidation & can give trending move likely it looks upside for 1315-1320 halt & later more.
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
What happens to an APRIL future contract of CONCOR bought @1275 w/o SL
Reply
@akj91, Why did you buy without a stop loss.
Reply
@akj91, Never do a trading without proper risk management. This is how you leave your backend open in all trading scenarios & trade. Never do trading without a proper stop loss.
Reply
CONCOR seems to be crashing.I enetred long at 1275 .What you suggest now
Reply
any idea why did it CRASHHHHHHHHH
Reply
Concor crashing.I entered at 1275.Suggest action
Reply
Dear Abhishek sir,

Can i take long position @ current level?

Thanks
Manik
Reply
@ManikManna, You can but but only if you are ready to take stops at 1179.
Reply
Sir ji,

Multiple problems with you EW count. Which form is the a-b-c taking ?...Non of the expanded flats takes this kind of shape.

Can you look at an alternate as some kind of a-b-c kind of rise.
Reply
AbhishekHSinghCMT raghavendrakumart
@raghavendrakumart, Thanks for telling me - please suggest the correct form.
Reply
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