Container CorpOngoing 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 trade ideas
Concor near to Buy EntryConcor 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.
Concor India - Potential Double Bottom Breakout underway Potential Double bottom pattern (Adam & Adam formation) awaiting upward breakout observed in Concor India Ltd weekly chart.
Resistance zone is at 1200-1250 levels. A close above 1250 with higher volumes would indicate confirmation of the Double Bottom pattern formation which is a bullish sign for the stock.
Swing Trading Strategy :
Buy : Above 1250 level (on closing basis)
Target : 1550 (Old Resistance level as on 1st June 2015)
Stop Loss : Below 1120
Trade Safe !!!
Note : I have no current positions in this stock but may enter a position or multiple positions in the coming days and weeks.
Long NSE:CONCOR Futures @ 1327 and short 1350 call at 20-25Margin required 93k. Use stop loss as hourly supertrend @ 1320
