Concor
Concor Trade Setup !!TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 5 to 10 times.
CONCOR gaped up with forming bullish candle & closing at highs.CONCOR: The stock opened with a gap up and the prices continued up during the day. The prices closed near the highs. The prices have been making a falling wedge pattern with falling volumes. The RSI took support at the 40 levels and bounced up, MACD turned positive (though it is below zero line) there is a minor resistance at 585 levels, the stock is expected to retrace to 565 – 570 levels, watching price action entries can be planned for higher targets of 604, 619 & 625 levels. However a move below 540 will negate the bullish view.
CONTAINER CORPORATION OF INDIA ANALYSISIT IS MOVING IN A CHANNEL LINE IT HAS TOUCHED UPPER LINE NOW IT MUST HEAD TO LOWER LINE PLUS IT HAS BROKEN IMPORTANT FIBONACCI`S 50% LEVEL ON CLOSING BASIS AND THIS LEVEL MUST WORK AS RESISTANCE NOW TWO TARGETS FOR SHORTS ARE GIVEN GOOD LUCK
NOTE: FOR EDUCATION ONLY
Time to short Concor?? - Medium TermConcor has been range bound for the past 4 years and it looks like it has respected the resistance and it's heading down again towards 470-460 Range.
Further Selling may lead to deep correctionsThe stock witnessed sell off during the last session. The prices have closed below the kumo making a big black candle, indicating weakness. The momentum has lost strength RSI is not at all excited to move up plus macd has fallen below zero. There is a minor support at 550 levels, failing that support the stock may fumble and fall down to 460 – 415 levels.
CONCOR (Container Corporation of India Ltd) BUY ABOVE 600CONCOR (Container Corporation of India Ltd) BUY ABOVE 600
CONTAINER CROP (Container Corporation of India Ltd) BUY ABOVE 5CONTAINER CROP (Container Corporation of India Ltd) BUY ABOVE 536
CONCOR | H&S PATTERN SPOTTED | BIG SHORT TARGETS- CONCOR is forming H&S pattern.
- Pattern is not completed yet but in formation.
- Taking this trade just to get a good entry for my positional trade.
CONTAINER CORP (Container Corporation of India Ltd)BUY ABOVE 528CONTAINER CORP (Container Corporation of India Ltd) BUY ABOVE 528
CONCOR 484 || SHORT || INTRADAYSELL below 484 SL 486
Targets 482, 480, 478, 475, 472, 470
OR
CONCOR 29AUG 470 PE (₹2.25)
CONCOR Short Setup [Intraday]NSE:CONCOR short at 484.75 with SL 488.05 and three potential targets.
Note:
Please Consult Your Financial Advisor Before Taking Any Decision
Always risk 1% of account size per trade, adjust the position size accordingly
CONCOR (Container Corporation of India Ltd) BUY ABOVE 477CONCOR (Container Corporation of India Ltd) BUY ABOVE 477
