Şimdi başlat
pradipandsuvra

CONCOR: Confluence of multiple Bullish Patterns

Alış
CONTAINER CORP (NSE:CONCOR)  
pradipandsuvra  
NSE:CONCOR   CONTAINER CORP
Trend Lines Wedge Cup And Handle indianstockmarket concor stocktobuy stocktowatch breakoutsignal
1
0
trendline wedgepattern cupandhandle indianstockmarket concor stocktobuy stocktowatch breakoutsignal
CONCOR looks extremely bullish in weekly timeframe.
And note: There is a mulling over Govt for the potential disinvestment of CONCOR to reduce Govt shareholding from 55% to 34% and relinquish the management control to strategic buyer(s). Looks like market is factoring that in.

  • There is a 5 years long monthly trendline shown as the green slanted line
  • Then in weekly it creates a confluence of multiple bullish breakout pattens: W pattern, Cup-and-Handle, Ascending triangle - all points bullishness.
  • COI (Cumulative Open Interest) is showing sufficient long build up in Nov contract.

One can put a SL of 690 for a target of 785 and 840 thereadfter.

Please note: The bullish buildup seems in the anticipation of the disinvestment.


Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.