CONCORHi guys,
In this chart i Found a Demand Zone in CONCOR CHART for Positional entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
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
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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.
CONCOR Share -- CE1000 -- BuyConcor -- CE1000 -- HODL-29 FEB
These stocks breakout the upper Trendline and support confirm in weekly time frames
In option you buy CE call you want my Target 1100 in Feb last month
For equity trader you can take swing trade and sale at 1100
Option traders
Take profit 1st - stock price 1000
Take profit 2nd - stock price 1100
For more charts analysis -- comments me in this post.
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
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.
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
CONCOR APPROACHING FROM SUPPORT ZONEThe price approaching from the support zone of 570--540 and moving towards the upside. The price showing momentum to go upside and formed strong bullish pattern near the support area. My initial targets are 638/662/712+ towards the upside if price holds the support level than good move can be seen in next coming trading sessions.
1Y PERFORMANCE OF INDIA REILWAY STOCK PERFORMANCE COMPARE NIFTYThe india railway sector most of the stcok in outperform the nifty 50, Only IRCTC is underperform the nifty50 return, the structural change in the india railway stock in the recent year, this is show in the chart. i am bullish in the this sector.
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.
CONCOR SELLon the weekly chart : A big red candle rejecting the level of resistance
on the daily chart : 3 days ago the price rejecting the level but with a weak volume, wich could mean it a fake rejection the price will return to to it usual climb and brakes the level
personal opinion : the price will get unstable and keep fluctuating on the weekly chart for a little bit with 85% chance of a dive down
best move : waiting for next weeks confirming red candle the go in as sellers