One can look at going Long on CONCOR if there is a cadle close above 635. CONCOR is in a channel and Target will be top of the channel. Stop loss will be 1 point below the low of the candle.
- 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.
Concor - After having a fall, retraced back to 500 Levels which 38% retracement. Also 50 EMA is @ 500 levels on daily charts. If not able to cross these hurdles we can see price @ 460-480 levels again.
Container Corporation of India Limited (CONCOR) is the holding company. The Company is engaged in transportation of containers (rail and road), and handling of containers. The Company is also engaged in the operation of logistics facilities, including dry ports, container freight stations and private freight terminals. Its divisions are EXIM and Domestic. Both EXIM and Domestic divisions of the company are engaged in handling, transportation and warehousing activities. Its International services include train services, road services, air cargo movements, reefer services, and block booking on round trip basis. Its domestic services include train services, volume discount scheme, door delivery/pick ups and terminal handling charges. Its E-Filing software is a Web-based application for EXIM locations being operational at Terminal/Inland Container Depot of CONCOR. Through its software, any importer/exporter/shipping agent can file his documents, including billing and take printouts.
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CONCOR
