CONCOR: The stock opened with a gap up and the prices continued up during the day. The prices closed near the highs. The prices have been making a falling wedge pattern with falling volumes. The RSI took support at the 40 levels and bounced up, MACD turned positive (though it is below zero line) there is a minor resistance at 585 levels, the stock is expected to...
At monthly and weekly resistance this stock has been making consecutive lower highs and finally broke down horizontal support
Now looking to short on rise.
Do your research and plan the trade
IT 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
The stock witnessed sell off during the last session. The prices have closed below the kumo making a big black candle, indicating weakness. The momentum has lost strength RSI is not at all excited to move up plus macd has fallen below zero. There is a minor support at 550 levels, failing that support the stock may fumble and fall down to 460 – 415 levels.
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
