CONCOR - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 20 Dec 25, 03:54 pm

Technical Rating: 3.5

📊 Chart Patterns: CONCOR is trading below both its 50 DMA (520 ₹) and 200 DMA (562 ₹), showing bearish undertone. Current price (502 ₹) is near support levels after a decline from highs (653 ₹).

📉 Moving Averages: Price < 50 DMA < 200 DMA → bearish alignment. Trend remains weak until price crosses 520–562 ₹.

📉 RSI: At 37.6, RSI is oversold, suggesting potential for short-term rebound but confirming weak momentum.

📉 MACD: Negative (-6.55), confirming bearish crossover and short-term weakness.

📊 Bollinger Bands: Price near lower band, indicating oversold conditions and possible mean reversion.

📊 Volume Trends: Current volume (10,60,008) is higher than 1-week average (8,14,411), showing increased activity, likely driven by selling pressure.

📍 Support & Resistance:

- Strong support: 481 ₹ (recent low)

- Immediate resistance: 520 ₹ (50 DMA)

- Major resistance: 562 ₹ (200 DMA)

- Long-term resistance: 600–620 ₹

🚦 Momentum Signals: Short-term momentum is weak but oversold. Entry zone: 490–505 ₹ near support. Exit zone: 520–540 ₹ if resistance is tested. Sustained breakout above 562 ₹ would confirm reversal attempt.

🔄 Trend Status: The stock is consolidating with bearish bias, oversold but not yet reversing.

Positive

• Dividend yield of 1.85% provides income support.
• EPS of 16.8 ₹ supports valuation comfort.
• Debt-to-equity ratio of 0.07 indicates low leverage.
• Quarterly PAT improved to 377 Cr. from 258 Cr., showing growth despite volatility.

Limitation

• Stock trading below both 50 DMA and 200 DMA, showing weak technical strength.
• RSI and MACD both confirm bearish momentum.
• PEG ratio (4.47) suggests expensive valuation relative to growth.
• ROCE (13.8%) and ROE (10.7%) are moderate compared to peers.

Company Negative News

• Quarterly profit variation (-4.90%) highlights earnings pressure.
• FII holdings declined (-0.36%) and DII holdings declined (-0.30%), showing reduced institutional confidence.

Company Positive News

• EPS remains stable at 16.8 ₹ despite profit decline.
• Dividend yield of 1.85% supports investor interest.

Industry

• Industry PE at 24.5 is lower than CONCOR’s PE (29.8), showing relative overvaluation.
• Logistics and container transport sector benefits from infrastructure growth but faces cyclical demand risks.

Conclusion

⚖️ CONCOR is consolidating with bearish bias, trading below key moving averages and showing oversold RSI. Entry near 490–505 ₹ could be considered for short-term rebound trades, with exit around 520–540 ₹. A breakout above 562 ₹ (200 DMA) would confirm reversal. Fundamentals show moderate strength and dividend support, but declining profits, overvaluation, and weak technicals remain concerns for long-term investors.