Why Concor Ltd. Is a Smart Buy"NSE:CONCOR
Hello traders,
I have done weekly chart analysis on container corp we may see some good buying opportunities in this stock.
>Favorable Price Levels: Container crop stock recently experienced a correction of 32%, indicating that the stock has been oversold and could present a buying opportunity. The current price level may be considered attractive for investors looking to enter the market at a discount
>And the price is coming towards strong support level 550-500.
>Expected target would be T1 - 700, T2- 800 in future price may create new high
Containercorp
ConCor Analysis !! BrokeOut.📈 Container Corp. 📉
This Stock broke out from a Beautiful Falling Wedge Pattern after spending Six Months inside this and that too with very strong Green Bar.
It Would be worth paying attention to this chart. I am biased on long side although risk reward is not in favour if I consider 750 as target but after 750 it’s absolutely favourable.
On Buy Side I am looking for initial Targets of 740-750 zone and after that will review.
StopLoss should be kept in 600-605 zone.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Concor Breakout With VolumeCONCOR has given trend line breakout in daily chart with good volume and also it's wedge pattern breakout. Anyone can buy above 670 with SL 630 for positional.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
CONTAINER CORP MID-TERM SWING TRADE! Hi everyone, Container corp consider buy above: 657, target: 738, stoploss: 639.
LOGIC BEHIND TRADE: Stock has formed (w) pattern & given breakout of resistance if comes back to test it`s resistance will consider buying (target identified from harmonic xabcd pattern level 1.272) stoploss is taken low of neckline candle. if sustain above resistance can go upto all time high! NSE:CONCOR
CONTAINER CORPORATION OF INDIA. PRICE ACTION ANALYSISCCI stock's price had a breakout above the trendline but for confirmation, we need the price to sustain above 748. This will be the confirmation for the uptrend.
Place the stop loss below the demand zone, because this demand zone is expected to support the price.
The ultimate profit booking target is given by the XABCD bearish crab pattern's 1.618 fib extension i.e, 914.
This is a monthly timeframe analysis, so give time for the price to adjust in case of fall and trail your profits.
Happy trading :)
This is just for educational purposes.
Container Corporation of India - A Potential Multibagger After the Govt. announced it's disinvestment plans in Container Corporation of India , Prices have started soaring with Heavy Volumes .
If you have a holding capacity of a year, this stock can turn out to be a Multibagger, as depicted on the long-term Weekly chart.
The stock has recently broken out a stiff resistance at 602, once. Now, if it breaks out again followed by the ATH of 666 with force, prices may go off the roof, so watch out for these levels in the coming week.
Fundamentals of the stock are sound too, with a healthy increase in Topline and Profitability.
Any good corporate with strategic interests, pitching in for a stake in this company, could have this stock price sky-rocket to insane levels.
A quality addition to one's long-term portfolio.
T1 = 690, T2 = 830, T3 = 1000+
The chart has many more aspects covered for academic interests of readers (like Wave counts in multiple degrees, Ending Diagonals in the 5th etc), so enjoy !!
Please don't forget to 'Like' or a word of encouragement would be fulfilling too, for the hours of research that I put in before I publish any of my work :)
Cheers !!
Note: This view will be invalidated if prices reverse sharply from 666 - 675 levels.
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