Concor - Looking strong towards the upper range consolidation... One more ATH calling ... Let us see...! SL is 680.
DISC: Not a SEBI regd. I post charts for my own study.
Concor has formed a good pattern :
Reason to trade this stock
1. Bullish candles - 30 Aug & 2 Sep
These bullish candles depict the demand for the stock
Trade the breakout when you see a positive closing above the resistance level marked
CONCOR consolidation after giving breakout if stock is manage to close above or sustainable trade above 753 then we can buy and hold with strict SL of 715.
NOTE:- trade with strict SL if it's give fake breakout then we can see sharp downfall.
CONCOR - ATH closing.
We have a new ATH closing on weekly basis.
But we also have an extended wick at the same region which implies that bears can jump in at the last moment.
Risky investors can buy at CMP and add more on dips up till 720 levels.
Safe investors should enter only above 750 levels (weekly close)
Targets 842.15 & 891.
REASONS - Container costs...
concore looks good for 800 900 100 in comming months its fundamentally good stock can have it in your portfolio for next 6 months from 755 to 760 zone with strict sl as market is at all time high we may see volatility.
sl will be below 700
@Thakurji46 From Trader for Trader💸 This is for educational purposes only. Ü can take action after analysing my best stock for good times. #TrendAnalysis📈 #PriceAction👨💻 #ChartPattern✍️
a rsi divergance seen in 4 hour chart, stock has made a cypher shark pattern in daily and weekly time frame, setting a stoploss of 755 daily close concor is a sell on rise candidate for target 717.
Container Corporation of India Limited (CONCOR), was incorporated in March 1988 under the Companies Act, and commenced operation from November 1989 taking over the existing network of 7 ICDs from the Indian Railways. In addition to providing inland transport by rail for containers, it has also expanded to cover management of Ports, air cargo complexes and...
As you can see there is a simple TRIANGLE pattern formed in the day time frame.
>It took support at the 3(*) critical levels
1.At 493- there we can see a good standard 'V' candle.*
2.At 544.6- slight consolidation.
3.At 551- a good bull candle.
4.At 562- also a stand 'V' again.
5.At 569- bull run.*
6.At 628- it took retrace.
7.Now at 649- it is forming a good...
DATE: 12 JUL 2021
INSTRUMENT: CONCOR
TREND: BUY
TIME FRAME: DAY
CMP: 684.65
BUY ABOVE: 702
STOP LOSS: 664
TGT 01: 715
TGT 02: 728
TGT 03: -
INDICATORS FOR CONFIRMATION OF TREND
BOLLINGER BAND: BULLISH
PSAR: BELOW CANDLE
RSI: BULLISH
RISK DISCLOSURE:
We are not S E B I registered analysts. VIEWS EXPRESSED HERE ARE FOR OUR RECORD PURPOSES ONLY. Please consult...
Buy CONCOR around 680-690. CMP 700. It’s consolidating. However, I think it will test its support before giving breakout. Once it gives breakout, targets are coming very aggressive. Worth investing for medium to long term.
Container Corp. of India Ltd. is a logistics company, which engages in handling, transportation, and warehousing activities. Its facilities and services include air cargo movements, bonded warehousing, reefer and cold chain services, domestic policy, and terminal handling charges. The firm operates through EXIM and Domestic segments. The company was founded on March 10, 1988 and is headquartered in New Delhi, India.
NSE
