CONCOR Analysis – Breakout or Breakdown?

11 มิ.ย.

📅 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! 👇

4 ก.ค.

ปิดการเทรด: ถึงเป้าหมายการทำกำไร

target 1 done