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CONTAINER CORPORATION OF INDIACONTAINER CORPORATION OF INDIACONTAINER CORPORATION OF INDIA

CONTAINER CORPORATION OF INDIA

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CONCOR trade ideas

CONCOR S/RSupport and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA: If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:CONCOR
by zenthosh
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
Container Corp again ready for upside after profit booking On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% .. Please note:- It's working on news based and volitile market very well so exit if SL hit
NSE:CONCOR
by JaiPrakashShuklaHarmonicTrader