NSE:CONCOR short at 484.75 with SL 488.05 and three potential targets.
Please Consult Your Financial Advisor Before Taking Any Decision
Always risk 1% of account size per trade, adjust the position size accordingly
NSE: CONCOR -Near to break resistance @ 703
Stock has corrected since May 2018 from 703 to 541
Since then bounced back to touch 700 level and moving sideways near to 703
Formed triangle like pattern between 541 to 700
Technically make or break situation
Possible Long @ current/ above 703 close level with stop loss 642
Target insight 740, 763 & 801
The stock has made classical double top pattern and broke the neckline. This simple pattern does not require any explanation however in case of doubt or your experience with it you can write in comments.
Accumulate Concor at CMP (1420+) and on dips upto 1225 as we can expect it to move towards 2500/ 2800/ 3000 in coming months as long as the channel bottom support remains intact.
Plan your trade. Trade your plan