CONCOR Analysis – Breakout or Breakdown?

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📅 Chart Date: June 11, 2025
📍 Current Price: ₹789.45

Price is currently stuck in a critical zone between ₹774 and ₹814, which could dictate the next big move.

📌 Key Levels:

Resistance Zone: ₹774 – ₹814

Support Zone: ₹714

Critical Fib Levels: 0.5 at ₹813.75 (top) and ₹714.35 (bottom)

⚠️ Two Possible Scenarios:

🔼 Bullish Scenario:
If price closes above ₹814, we can expect the uptrend to continue, possibly targeting:

₹883.30

₹905.40 (Major resistance)

🔽 Bearish Scenario:
If price closes below ₹774, expect a downside move with the following targets:

Target 1: ₹721.80

Target 2: ₹651.90

Final fib level at ₹633.65

🪤 Buyer Trap Alert: Recent price action may have trapped aggressive buyers above resistance – watch for confirmation before entering!

🔁 Plan:

Wait for a candle close outside the range (above ₹814 or below ₹774)

Respect key levels and manage risk accordingly

📉 What’s your view? Breakout or breakdown incoming? Drop your thoughts below! 👇
İşlem kapandı: hedefe ulaştı
target 1 done

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.