In this current market, Concor seems to be the goos trade in the coming days.
Fib retracement 50% support playing good Support for the stock DOJI formation at the bottom can be a reversal signal.
Don't be in hurry to trade SL can be 652 on closing Basis
Targets can be 700 and 730 for swing.
Buy Aug month contract for a good move.
Just like Wipro, good returns...
Concor has given parellel channel breakout along with all good setups
can go long at current levels, All key levels are mentioned in chart along with stoploss and targets.
Breakout on Monthly timeframe
Buy Concor with the target of 710, 720, 730
SL below 680
If you are looking for long term the stock is expected to touch 900-100 levels within 6-12 months
TRADE PLAN for Mid / Long Term :
(6 months to 30 months)
Buy 25% at 680, 50% when comes down to 600 zone, balance 25% inbetween 610/670
Weak below 520 (day close basis)
Probable level is 1035
Inside bar breakout on Monthly
MultiYear breakout (since 2014) supply zone on monthly
Volume spurt on weekly candles
Supported by Funsamentals
Buy- Above 645
SL - 630
Target- 660 675 692 715
Duration- 10-15 DAYS
Note:- I am not SEBI registered . All Views and trade setups are my personal view and my personal trade setup.
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Welcome your valuable comments on this script
For Short Term Can Buy at Current Cpm
With Stop Loss 560 that is recent Swing Low
For Long Term wait for All Time High Breakout
All Time High Resistance 666
Share Will Strong Bullish Above 730
for Target 1000 to 1100
I am not a SEBI registered adviser. All the information provided by me are for...
Concor looking good on charts
Breaked out of the penant
610-615 looks good buy zone
( Educational Purpose )
All investments involve risk.
Please Do your analysis before initiating Any trade
Good luck !