CONCOR - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.9

Here’s a detailed technical analysis of CONCOR (Container Corporation of India)

📊 Trend Overview

Current Trend: Consolidating with mild bearish undertone

Price is hovering just below the 50 DMA (₹563) and well below the 200 DMA (₹596), indicating short-term indecision and medium-term weakness.

RSI at 55.4 is neutral-to-bullish, suggesting mild buying interest.

MACD at -0.81 is slightly negative, hinting at fading momentum.

📈 Technical Indicators

Moving Averages

Price (₹560) < 50 DMA (₹563) < 200 DMA (₹596): Bearish crossover forming

RSI (55.4)

Neutral zone. No strong momentum signal, but leaning bullish.

MACD (-0.81)

Mild bearish crossover. Momentum is weakening.

Bollinger Bands

Price near middle band, indicating low volatility and consolidation.

Volume Trends

Current volume (5.7L) << 1-week average (21.8L): Weak participation

Suggests lack of conviction from buyers.

🔍 Short-Term Momentum Signals

Neutral to Bearish Bias

MACD and price below key moving averages point to short-term weakness.

RSI suggests indecision, not a clear reversal.

Institutional outflows (FII -0.41%, DII -0.24%) reinforce cautious sentiment.

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 545 Recent swing low

Support 2 520 Historical support zone

Resistance 1 563 50 DMA, short-term ceiling

Resistance 2 596 200 DMA, medium-term barrier

Resistance 3 630 Pre-breakdown zone

🎯 Entry & Exit Zones

Optimal Entry: ₹545–₹555 (on dips near support)

Exit Zone: ₹595–₹630 (partial profit booking)

Aggressive Target: ₹670+ if breakout above 200 DMA sustains

🧭 Summary

Trend: Consolidating with mild bearish bias

Momentum: Weak, confirmed by MACD and volume

Outlook: Cautious; wait for reversal confirmation above ₹563

Valuation: Slightly premium P/E (32.8) vs industry (26.7), decent ROE/ROCE, low debt, but flat profit growth and technical weakness suggest limited upside in the near term

Let me know if you'd like a visual chart or a simulated trade setup based on this analysis.

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