triangle break out ! multi time frame , made a life time high! ! ! a retracement should ideally come , but so as not to miss in case , one can eter here with 30% qty , and later add on dip !
Container Corp ( CONCOR) :- Formed "Cup and Handle Pattern" is at its breakout point of 600. SL:- 575
swing trade opprotunity for 15 days .....hold it till 546++++++++
SELL below 490 SL 492 Targets 488, 485, 482, 480 OR CONCOR 26SEP 470 PE (₹5.80)
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BEARISH BUTTERFLY CONCORE CMP 579.60 PRZ 592 TO 594 SL 608.50 T1 563 T2 543
Container Corp - Looks Bullish, Its at its 52Weeks High and nearing its life high. Fib - 100% (5Years Duration) is 623 Fib - 161.8% is 1008 The chart also shows many patterns: - Rounded Bottom - W Pattern
Very strong move broke above prv rstance at 550 Is trading at 52 wk high traders can keep tight stops at 547 Is buy on dips. Tgts 600 and above
Expected target falling from zone 592 -594 - 600. Once broken 564. it will move towards 600
down trend started ? short sell from here, target mentioned in the chart
Pin At 21 EMA STRICTLY below 484 sl 488 for 481-477
Ongoing trend in UP. So 700 is expected to be touched (or crossed) soon. Stock is bullish as long as the price is above 640!
Concor is near to buy entry of 676-670 levels. High risk reward Ratio setup is generated here.risk only 1% of capital. Time frame of trade is 2 to 3 months.
Kicker Patter. RSI b.w 20 and 40