Concor has been trading well in the past few trading sessions and has approached an important level.
This is a monthly chart and it faces a resistance around 770-775. At the same time, the activity in this counter remains bullish.
If there is a strong weekly close above this trend line with good volume, then one can consider going long.
Do let me know what...
Nifty Auto index has been trading in a channel for quite some time. It gave a good weekly closing last week, above it's all time high.
If the momentum continues, there is a possibility that it can break out of the channel and chase new highs.
Let's for this week to see how it closes.