CONCOR - 30% RETURNS!!!BUY - CONCOR
CMP - Rs. 623
Target - 1: Rs. 746
Target - 2: Rs. 810
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Technicals - Cup and Handle Pattern
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This is just a view by an expert analyst, please invest at your own risk.
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Containercorporation
CONTAINER CORPORATION BREAKOUT WEEKLYContainer corporation looking bullish on weekly chart given breakout on falling resistance trendline and given breakout on macd indicator too with positive crossovers score seems more bullish trend is coming in this stock.
CAUSE OF LONG -:
1- Breakout on falling resistance trendline
2- Positive crossovers on macd indicator
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.
