CONCOR trade ideas
Intraday and Swing Setup: Price looks extremely good. Moving up Intraday and Swing Setup: Price looks extremely good. Moving up really strongly. 2 patterns I can see ascending triangle as well as a bullish head and shoulder pattern.
Enter between 416 to 419 with SL of 410 for the target of 440/460+.
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.
Use Ichimoku to confirm counts Concor may be looking forward to a powerful wave 3 as per Elliott after the upper trend channel is broken upwards.
In such a condition if Ichimoku confirms probabilities increase . Use daily chart here . The daily chart will let you take profits when the scrip hits resistance levels at weekly and monthly charts and will also give you a chance to re enter. In the present daily chat since the price is above all lines and Chikou span is above candles the equilibrium is bullish . Since all lines are pointing upwards the direction is up . And
there is also a small Kumo twist.
But wait for upper trend channel to be broken and becoming a support.
Lets see what happens .
Regards
concor long setup1. bullish trend
2. buying near 410 will be a good idea for further up move
3.buying only if support is being formed after a retracement
Concor - At resistance, Raising wedge is the worryPrice reached the resistance levels exactly and closed with small rejection. As Nifty is looking positive we can expect this to break this levels and move further up towards the resistance after retest or without retesting.
The only worry in this chart is the raising wedge pattern which is formed and exactly ending at the previous resistance levels. Will the price fall? according to the pattern !!!! Lets see :)
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CONCOR - RANGE BREAKOUTA Clear cut indication of consolidation followed by a breakout. A BIG BREAKOUT...........
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
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Happy Trading!!
Ready to breakout of resistance for immediate target 420+ Possible trade:
Buy Concor above 400
SL 395
Target 420+
Intraday / Swig Setup: Looks good between 365-368Intraday / 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
Intraday/Positional Trading Idea - ConcorSelling range - 360-364
SL - 370
T - 344
RSI is over sold better to sell in jump only.
Don't sell if it doesn't comes in selling range i.e 360-365.
