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
CONCOR trade ideas
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 views as of nowThis, script, I have been tracking for quite a considerable time, and now has hinted me to be a bullish script.
As shown in the chart drawing, I am hopeful on the long side for this script to the best of my guess based on my analytical skills.
Let's watch it for educational purposes.
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.
Cup and Handle in Concor | Bullish patternCup and Handle pattern formed in Concor.
Cup and Handle pattern is a bullish pattern.
If daily price candle closes above 690, I expect price to ruse further.
Keep an eye on concor and wait for the breakout.
Let me know in comments if you want me to analyse any of your stock.
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.
Chart of the week. Concor!After consolidating for more than a year, Concor has given a breakout. The stock is again entered in the blue sky territory. Currently it is giving a very good Risk Reward ratio if anyone wishes to invest. Once the targets are achieved, once can hold the stock with trailing SL.
CMP- 785 (29/10/22)
T - 875, 1072,1270 W
SL - 774.5 W
View - Medium term.
ConCor- Container Corporation of IndiaStock had a previous uptrend from 263 to 754
Then it formed a Wedge
Double Bottom.
Second bottom lower than first
First was 556, second was 554
Pivot @718
Last few weeks taking support at 9 and 21 averages.
5th September break out was with very good volume.
Rtraced and back to highs.
Elliot oscillator green
CCR Green
Stochastic need conformation with bar on top as per my setup
This is weekly chart so i will wait today close.
Being weekly setup i needed to take out 12Th September bar on week (780 levels) as it was closing at low and had broken previous week high (5th September Bar)