Concor
CONCOR : Trade SetupNSE:CONCOR
Hi Traders,
CONCOR trade setup on chart and Entry and target level on chart.
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###Learn To Earn###
* This analysis is educational/learning purpose only.
* Trade at your own risk.
Trade well,
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CONCOR is Making Ascending Triangle Pattern (Breakout Trade)Container Corporation of India Limited ( NSE:CONCOR ) is Making Ascending Triangle Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this pattern. Or Low/High swing backward inside the pattern.
And as soon as you get a profit of 0.50% of your target, you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High.
Target and StopLoss are never already fixed in the chart pattern.
Thank you.
You always have to trade only by money management, position sizing, StopLoss trailing. This is the way to stay in profit.
Chart Published By Ravinder Sharma
Took support - Double bottom. Price took support from the same levels for the third time, and also price took support from the parallel channel and reached the top of the channel. It is a strong bullish close and looking for the break of the channel.
The other way we see that is double bottom, so trade like it is a DB.
Concor Daily Analysis_19/08/20Concor (Short Term View)
a. Zone: Strong Bull
b. Resistance 1: 416.65
c. Resistance 2: 457
d. Support 1: 387.80
e. Support 2: 378.20
Concor (Intraday View)
a. Zone: Strong Bull
b. Resistance 1: 414.10
c. Resistance 2: 416.70
d. Support 1: 390.85
e. Support 2: 388.25
NSE:CONCOR
CONCOR Reversal today expect 470+ wth SL of 340 FUNDAMENTALS: Container Corporation of India: Navratna Public Sector Undertaking under the Indian Ministry of Railways. Incorporated in March 1988 under the Companies Act, CONCOR commenced operations in November 1989 taking over an existing network of seven inland container depots from Indian Railways
52-wk low 263.40
52-wk high 666.00