Short Sell Concor below 665CONCOR looks weak below 665, if moves under 665 might test 630 levels
Also looks Strong if moves above 680 and holds then might test 700-710 levels
Enter Short in CONCOR below 665
T - 659, 652, 645 & 630
Sl- 672
CONCOR trade ideas
CONCOR Strangle ideaShort 640 CE at 11.5
Short 580 PE at 12.7
Hedge, if range is broken either of the side
Long Futures at 650
Short Futures at 565
Flat corrections are Boring & Hilarious to trade Usually when Flat corrections form they are time consuming patterns and they tend to give surprise moves , this one was trying to hide in Noise , but you know professionals always are step ahead of everyone , what is interesting is when everyone is thinking its not going to make any move that time exactly they will move by 5 % and everyone starts buying it ( funny but true everyone pay 5 % +premium to Institutions during live market)
Now i was short in this form 686 and now covered today , Looking to Go long on bullish brake out , One can look for entering after 1 Hour range brake out , this one does not have much room for longer term prospective so you can look for booking profits when you see weakness in the scrip value
CONCORSWING TRADE
has been oscillating around 9MA(golden) and 50MA(pink) for quite a few weeks
finally now as 9MA went below 50MA and price still lying below 9MA
shows bearish sentiment
a possible breakdown of triangle is expected short below 23.6% fib retracement levels to 605 monthly support level
next short level to 583 and then possible to 550 levels
ichmoku tenkan went below kijun on the weekly chart
future kumo negative(senkou B above senkou A)
CONCOR tested monthly support(pink line) on daily chart
managed to close above previous day high
finding resistance at 38.2% fibonacci levels
gartley pattern forming on daily chart
Risk/Reward ratio=1:1
on 1 hr chart tenkan/kijun cross about to take place
go long above kumo cloud to fib levels
concor - triangle most likely to breakdownwards
i will consider it breakdown if it will close below or go below 606
Concor Long SetupConcor 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
CONCOR | At verge of BreakoutCONCOR is trading into triangle and may give nice breakout. Key is to buy at levels around 640 or below.
