Ready for a launch

Concor has been on an up trend since October. From 350 in early October, it has seen higher highs and higher lows. There is a immediate hurdle near 420, which it has tried to break 4-5 times in shorter time frame.

There is a strong support at 397 which was also tested nearly 5-6 times.Stop loss should be little lower than 397.

We can see a golden crossover too which indicates a positive move from here onwards.

Target should be 440 - 460 (8.5% - 13%)
Time frame : 1-2 weeks

Date: 19/12/2020


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