CONCOR - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

🚛 Intraday Trade Snapshot: CONCOR

With a market cap north of ₹45K Cr and a solid operational foundation, CONCOR has long-term value, but today's setup tilts toward consolidation rather than clear momentum. Intraday interest appears lukewarm — this is more of a defensive play than a breakout candidate today.

⭐ IntraDay Trade Rating

2.6

Momentum indicators, price position relative to moving averages, and soft volume all point to limited upside movement intraday.

📊 Key Technical & Sentiment Points

RSI: 39.8 → Approaching oversold, but not yet strong for reversal confirmation.

MACD: -1.61 → Mild bearish crossover; lacks momentum strength for conviction.

Volume: 5.3L vs Avg 5.74L → Slightly below trend, not signaling accumulation.

Price < DMA50 (₹601) and < DMA200 (₹615)** → Trading below key averages, suggesting pressure.

FII & DII holding down → Weak institutional sentiment intraday.

Recent PAT Decline → Quarter-on-quarter profit erosion (-5.81%) dampens immediate sentiment.

🛒 If Entering Intraday

Buy Zone: ₹590–₹594 Only if bullish candles form near ₹591 with volume rebounding above 6L.

Profit Booking Levels

₹600 (test of 50-DMA)

₹607 (if breakout sustains)

Stop-Loss: ₹586 To avoid deeper drift toward ₹580 psychological support.

🏃 If You're Holding Today

Exit Triggers

Price fails to hold ₹592 after 1 PM with volume fading.

RSI drops below 38 and MACD histogram deepens.

Exit Targets

₹598–₹602 zone if price shows rejection or consolidates with tight candles.

Trailing Strategy

If price crosses ₹608 intraday with strength, trail SL to ₹600 and ride until momentum fades.

🧠 Final Thought

CONCOR is unlikely to offer sharp moves intraday unless supported by external catalysts or late-volume surges. Its low debt and consistent fundamentals keep it sturdy, but not flashy. Better suited for swing setups or conservative scalping with tight stops.

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