CONCORDBIO - IntraDay Trade Analysis

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

📈 Intraday Trade Analysis for CONCORDBIO

CONCORDBIO shows promise from a fundamental standpoint, but for intraday action today, it’s entering a cautious zone — not overtly bearish, yet not trending strong enough for aggressive entries.

🌟 IntraDay Trade Rating

3.4

The stock has strong earnings growth and zero debt, but today's volume softness and mid-zone RSI limit its intraday momentum score.

🔍 Intraday Technical Breakdown

RSI 47.3 → Neutral territory; no strong trend conviction.

MACD +16.4 → Bullish momentum, but lacks sharp slope or crossover signal.

Price vs DMA

Trading just above DMA50 (₹1,825) and DMA200 (₹1,795) — near key support zones.

Volume Lag: 80K vs 1-week avg of 1.21L → subdued trader participation.

Current Price: ₹1,833 → hovering in a tight band, not ideal for breakout trades.

🛒 Optimal Buy Setup

✅ If Looking to Enter Intraday

Buy Zone: ₹1,832–₹1,837 Enter only on bullish reversal patterns with volume exceeding 1L.

Profit Targets

₹1,855 (first resistance zone)

₹1,875 (if breakout strength follows through)

Stop-Loss: ₹1,820 Protect capital — cut quick on breakdown or volume drying out.

📌 Exit Strategy for Existing Holders

If you’re holding this during today’s session

Watch for Exit

Price stalling near ₹1,850 with RSI flattening near 50.

MACD histogram momentum declining.

Volume remains below 90K post-noon — weak follow-through.

Exit Zones

₹1,850–₹1,860 range if price begins forming topping patterns (e.g. shooting star, gravestone doji).

Trailing Stop Strategy

If price crosses ₹1,870, trail stop to ₹1,850 and monitor price action into closing hours.

🧠 Final Thought

CONCORDBIO seems better suited for swing setups given its strong quarterly profit jump and zero debt. For intraday, it's hovering in a technical gray zone — only responsive scalping is recommended, not momentum chasing.

Want to peek into related pharma stocks showing volume spikes or bullish setups? I can help you spot the next runner 🔬📊

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