CPSE index has broken the double bottom pattern with a huge volume marking it bullish, moreover it did not participate in recent bull Run.
So BEL, GAIL, SAIL, CONCOR might give gd return in coming weeks. One can look for CPSE ETF also for some quick returns in coing days
Intraday / Swig Setup: Looks good between 365-368 for the target of 375/380. SL can be 362.
Note: I am not a SEBI register and view is only for educational purpose as well as personal, always consult your financial advisor before investing or trading
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.
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