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Concor

SWING IDEA - CONCORContainer Corporation stands out as a promising prospect, supported by compelling technical indicators, inviting closer scrutiny. Reasons are listed below : Container Corporation has exhibited resilience at the 815 level, undergoing multiple tests before breaking through. The ongoing retest of this level signals a potential paradigm shift in the stock's trajectory. A bullish marubozu candle on the weekly timeframe serves as a strong bullish signal. Its significance is magnified by its engulfing of the preceding six weekly candles, indicating a decisive shift in market sentiment towards the positive. The stock's current trading at all-time high levels reflects a robust bullish sentiment. This not only signifies positive market perception but also suggests untapped potential for further upward movement. Container Corporation's breakout from a period of robust consolidation is a key indicator of unleashed momentum. Such breakouts often mark the initiation of sustained upward trends. Trading above both the 50 and 200 Exponential Moving Averages (EMA) provides additional technical confirmation, reinforcing the stock's bullish stance and indicating the strength of the prevailing uptrend. Target - 1030 // 1140 StopLoss - weekly close below 813 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:CONCORLong
by Visionary_Growth_Insights
Container Corporation of India Ltd (ticker: CONCOR) ForecastThe chart provided is a 4-hour candlestick chart for Container Corporation of India Ltd (ticker: CONCOR) on the National Stock Exchange (NSE). Here’s a detailed analysis and summary of the chart: Timeframe and Data: - Timeframe: 4-hour - Data Range: From early February 2024 to mid-June 2024 Price Analysis: - Current Price: ₹1,102.00 - Price Movement: The stock has been in an uptrend since mid-March 2024. The chart shows a series of higher highs and higher lows, indicating an uptrend. Technical Patterns and Indicators: - Elliott Wave Analysis: - The chart appears to be annotated with Elliott Wave counts. - Wave (1): The first upward wave starting from the mid-March low. - Wave (2): A corrective wave that retraced some of the gains of Wave (1). - Wave (3): A strong upward wave that broke the previous high set by Wave (1). - Wave (4): A corrective wave following Wave (3), not reaching the low of Wave (2). - Wave (5): The final upward wave, which is currently forming. - Rising Wedge Pattern: - The price action appears to be forming a rising wedge pattern, with the upper trendline connecting the highs and the lower trendline connecting the lows. - Upper Trendline Resistance: Around ₹1,125.00 to ₹1,130.00 - Lower Trendline Support: Around ₹1,065.00 to ₹1,075.00 Key Levels: - Resistance Levels: - Immediate resistance at the upper trendline of the rising wedge, approximately around ₹1,125.00 to ₹1,130.00. - Psychological resistance at ₹1,150.00. - Support Levels: - Immediate support at the lower trendline of the rising wedge, around ₹1,065.00 to ₹1,075.00. - Further support at previous swing lows near ₹1,020.00 and ₹990.00. Trade Setup: - Bullish Scenario: If the price breaks above the upper trendline of the rising wedge and sustains above this level, it could indicate further upside potential. The next resistance levels to watch would be ₹1,150.00 and beyond. - Bearish Scenario: If the price breaks below the lower trendline of the rising wedge, it could signal a potential reversal or deeper correction. The next support levels to watch would be around ₹1,020.00 and ₹990.00. Conclusion: The chart for Container Corporation of India Ltd shows the stock in an uptrend, forming an Elliott Wave pattern and a rising wedge. The key levels to watch include the resistance at the upper trendline of the wedge around ₹1,125.00 to ₹1,130.00 and the support at the lower trendline around ₹1,065.00 to ₹1,075.00. A breakout above the upper trendline could suggest further upside, while a breakdown below the lower trendline could indicate a potential reversal or correction. Traders should look for confirmed breakouts in either direction to make informed trading decisions.
NSE:CONCORShort
by The90sTraderOfficial
4
CONCOR - Bullish ConsolidationNSE: CONCOR is closing with a bullish consolidation candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 12% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NSE:CONCORLong
by BrahmaBull31
CONCOR - A STOCK TO WATCHThe stock has been moving up making Higher Highs and Higher Lows after a Down move. Then it faced rejection around 680 levels. Then was pushed down below all the EMAs. Then it recovered from below and attempted to take out the Rejection Zone. It has just inched past the supply area. But the Relative strength and Money flow are still negative and improving. Once these also provide support the stock will move up. The significant levels on the upper side are 750, 790 and then 820. So we can keep a watch on the stock and wait for further confirmation to catch any impending up move.
NSE:CONCORLong
by karthikmarar
2
Container Corporation of India, Elliott Wave Analysis Daily time In this analysis, we'll be taking a look at the CONCOR chart, which has recently completed its five major wave impulsive move, with each impulsive move having lower degree impulses marked as (i)-(v), and corresponding corrective waves marked as abc/xyz. To begin with, let's first understand what an impulsive move is. An impulsive move is a five-wave pattern that indicates a strong directional move in the price of an asset. Each of these five waves, labeled as (1)-(5), can themselves be broken down into smaller degree waves labeled as (i)-(v). These smaller degree waves represent the smaller swings within each of the larger degree waves. In the case of the CONCOR chart, we have completed the five-wave impulsive move to the upside. After the completion of the fifth wave, the stock began a corrective move to the downside, marked as the A wave. The corrective move consists of three waves labeled as abc/xyz. Currently, we have completed the 5 waves of the wave A downside. This wave is itself a five-wave pattern, consisting of smaller degree waves labeled as (i)-(v). The A wave looks completed as the 5 wave inside it are marked. It's worth noting that corrective moves are generally slower and more complex than impulsive moves, which can make them more difficult to predict. However, by analyzing the smaller degree waves within the corrective move, we can gain insight into the overall direction of the price action. In conclusion, the CONCOR chart has completed its five-wave impulsive move to the upside, and is currently in the process of completing the corrective B wave to the upside. We are currently in the (a) wave of the B wave corrective move, which does not seems to have completed its 5 waves. Hoping this pullback might take it to the 659 level and then we will move of (b) of B. for the time this chart may help you understand the current scenario in the stock. Pls like and follow me if you like the analysis. Regards
NSE:CONCORLong
by imkhushal
CONCOR BREAKOUT📊 Script: CONCOR (CONTAINER CORPORATION OF INDIA LIMITED) 📊 Nifty50 Stock: NO 📊 Sector: Transport Services, Logistics Solution Provider 📈 Todays closing of CONCOR was above BB band that indicates Breakout. 📈 MACD line bounce back from taking support of signal line. 📈 Right now RSI is around 77. 📈 One can take a swing trade on it. 🟢 Target 🎯🏆 - 770 ⚠️ Stoploss ☠️🚫 - 684 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
NSE:CONCORLong
by radha_23