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Price and trend forecast of CONCOR for Tomorrow, Weekly, Monthly

Container Corporation of India Limited

Symbol: NSE:CONCOR

ISIN: INE111A01025

843.05

As on 2024-12-06

757.25 (52W Low) 1,180.00 (52W High)

CONCOR's Today's Performance

Container Corporation of India Limited started the day by opening at 851.00 today 2024-12-06. Its shares reached a high of 851.75 and dipped to a low of 841.85 in intraday. When the markets closed, CONCOR’s stock price settled at ₹843.05 per share. Also check out its key support and resistance levels.

CONCOR Buy/Sell Targets

Tomorrow, sell CONCOR when its price reaches ₹ 843.05 with a stop-loss order at ₹ 849.10. You can set the target price as ₹ 837.00 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of CONCOR for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for CONCOR

Downside Targets Value in ₹
Tomorrow Down Target 1 849
Tomorrow Down Target 2 855
Tomorrow Down Target 3 859

Important Levels for CONCOR

Holding Levels Value in ₹
Tomorrow Up Target 1 839
Tomorrow Up Target 2 836
Tomorrow Up Target 3 829
Based on where the stock opens tomorrow, if CONCOR opens on a positive note, our first target will be ₹849. If Target 1 is achieved, we will aim for Target 2 which is ₹855.

But if CONCOR falls below the average value of ₹845.55, you can enter a sell side position with target number 1 - ₹839 and second target - ₹836 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of CONCOR

Looking at CONCOR, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, CONCOR has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for CONCOR is moderate bullish.

Tomorrow's Volume based share price Forecast for CONCOR

CONCOR's Volume is currently in a Decreasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is -54%.

Reversal detection for CONCOR

Predicted trend chart of CONCOR tomorrow for price forecast
CONCOR may trend may continue to be bearish since stock is making lower low and we can get target of ₹846 in morning tomorrow
Target 1 tomorrow849
Target 2 tomorrow852
Target 3 tomorrow855
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with CONCOR's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if CONCOR opens on a positive note, our first target will be ₹849.25. If Target 1 is achieved, we will aim for Target 2 which is ₹855.45.

But if CONCOR falls below the average value of ₹845.55, you can enter a sell side position with target number 1 - ₹839.35 and second target - ₹835.65

CONCOR's Weekly Targets
1st Up Target 855.92
2nd Up Target 868.78
1st Down Target 826.12
2nd Down Target 809.18

As the week for CONCOR ended on bullish sentiments, we can expect further continuation of this sentiment. CONCOR's initial target will be 855.92 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 826.12 in the upcoming week.

Weekly OHLC Values
Open 828.35
High 851.85
Low 822.05
Close 843.05

Week for CONCOR started with an open price of 828.35, and the close was at 843.05. CONCOR reached the highest of 851.85 and dipped lowest up to 822.05 last week. This indicates a bullish sentiment for the week.

CONCOR full month swing targets
Monthly Up Target 1 885.72
Monthly Up Target 2 898.58
Monthly Down Target 1 796.32
Monthly Down Target 2 749.58

Targets of ₹885.72 can be expected to be reached in the coming month. Once CONCOR achieved this target, we can aim for the next upside target of ₹898.58.

CONCOR if fails to hold upside, down targets of ₹796.32 and ₹749.58 can be achieved by end of this month.

For complete three weeks if CONCOR is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

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BEL Bharat Electronics Limited Aerospace & Defense

Summary

CONCOR is expected to reach the target of 849.25 in tomorrow's trading session.

After achieving the initial target in CONCOR, we will aim for higher targets of 855.45 tomorrow.

However, if CONCOR starts to trade below ₹845.55, then we will shift our focus to the sell side and aim for down targets of 839.35 and 835.65.