CONTAINER CORP NSE:​CONCOR

NSE:CONCOR

most likely to breakdownwards i will consider it breakdown if it will close below or go below 606

CONCOR is trading into triangle and may give nice breakout. Key is to buy at levels around 640 or below.

Ready to Break Trend Line Resistance

Concor is showing strength after testing the support, It has also given the Ichimoku Cloud crossover on Daily chart Buy above 662 for 671 (Intra) and 684 and if sustains 680 level then would aim for 700 and more SL = 644 RR is good with second target though RSI is also showing strength and if Nifty trades positively then it would support the upmove

Levels explained on chart..

.... levels mentioned in chart

Buy above 672 Sell below 613

.

CONCOR: SELL at 635 SL 642 Target of 615

Look for sell set up near 686/690 on daily chart basis , this one is not moving fast , very likely it will come down and reverse for one More Up side move Basically its in side ways move form 2016 Feb , so expect it will be slow

review by experts needed.

CONCOR can be bought for swing trading. Price crossed above EMA 50 which shows the trend is up, it formed Bullish Pin-Bar. Also after giving breakout of EMA 50 it is in pullback mode and looks like it is taking support on EMA , formed inside bar . MACD also confirms an up trend and facing towards crossing zero line. Risk Reward 1:2.

The Pattern has not Broken Completely , that means there is still chances this will move up one more time near 700+ One can look for 1 Hour bullish candle and brake of it can buy , Kindly buy 2 Points above the Bullish candle high , and place your stop below the entry candle

This scrip is Moving up side and one can Look for Buying on CMP or 1 Hour Bullish Brake , stop would be still 620 , CMP 636 Target 700+ Weak retail can go Long only after 1 hour initial balance brake ,

ALL LEVELS ARE MENTIONED ON CHART. Shown divergence (with Stochastic) followed by a candle with long tail confirming reversal. Spoted the supply zone (shown on chart). Should reach till supply zone without interuption

Below 1305, downside supports comes around 1280 & Below 1280 more selling possible

(1) CCI34 Crosses below 100, retests the resistance and gets rejected (2) TDC activates (3) Top is confirmed with 2 strength candles, enters CCI-Sell