Container Corporation Of India Ltd

NSE :CONCOR   BSE :531344  Sector : Logistics

As EquityPandit analyst already mentioned on 24-May-2021, that stock may see fresh breakout above 645 levels and same happened. Stock after 8% rise yesterday rallied again and was top gainer today gaining 5.34% and closed at 668.10 on NSE.

Click here to Read our Yesterday’s Prediction on CONCOR

Container Corporation of India (CONCOR) crossed 52-week high 666 and touched an all time high of Rs 677.10 in today’s trading session. Rising nearly 5.5% percent, Many brokerage houses raised the target price on the stock after clarity on land licensing fee and positive guidance of management.

What’s Ahead ? Technical Outlook of CONCOR:

Stock has seen a spectacular move, gaining 8% and 5.5% in the last two days. Momentum on the stock is very high, Some profit booking can be seen in the stock, but trend remains intact on long term and short term charts. Stock is best buy on intraday correction around 650-655, expected targets on the upside in the next few trading sessions are 700-730, If stock side below 640 levels and closes below it, the technical setup and chart structure need to be reviewed then. Till stock is trading above 640 levels one should remain on the long side with a strategy to go long on intraday correction.

Now Analyze Any Stock Yourself Just In a Few Minutes…

A Free but the Most Powerful Tool For Smarter Analysis of any stock. Analyze any stock at: StockFact – Top Stock Research, Screener And Analysis Tool