CONCOR Nine Month Consolidation Brekaout

After a long consolidation of nearly nine month finally this stock manage to surpass the resistance level 1415 with high volumes.

The breakout was followed by some profit booking in last 2 weeks. However the stock rebounded precisely after retesting the 1400 mark on Friday, we are expecting the stock to resume its uptrend.

A long position can be initiated with the Stop Loss of 1360 for the Target of 1550-1570 in next few months