CONCOR - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 3.4

📈 CONCOR is currently in a consolidating phase, with neutral-to-mild bullish momentum and price hovering near short-term averages.

📊 Technical Overview

• Trend Status: Consolidating — price is moving sideways between support and resistance, lacking a strong directional breakout.
• Moving Averages: Price is slightly above 50 DMA (₹545) but below 200 DMA (₹581), indicating indecision in trend direction.
• RSI (55.0): Neutral zone, suggesting balanced momentum with a slight bullish tilt.
• MACD (1.46): Positive crossover, indicating early signs of upward momentum.
• Bollinger Bands: Price near mid-band, consistent with consolidation and low volatility.
• Volume: Below average (7.98L vs 15.95L), indicating reduced participation and cautious sentiment.

📌 Entry & Exit Zones

• Support Zone: ₹530–₹545 — potential entry zone on dips with confirmation of support.
• Resistance Zone: ₹575–₹590 — ideal for exit or partial profit booking.
• Breakout Level: ₹600+ — crossing 200 DMA could trigger a trend reversal to the upside.

✅ Positive

• Strong fundamentals with ROCE (13.8%) and ROE (10.7%).
• Low debt-to-equity ratio (0.07) and healthy dividend yield (1.69%).
• MACD crossover and RSI above 50 suggest mild bullish momentum.

⚠️ Limitation

• Price still below 200 DMA, indicating resistance to trend reversal.
• High PEG ratio (4.83) suggests valuation concerns relative to growth.
• Volume significantly below average, showing lack of strong conviction.

📰 Company Negative News

• Decline in both FII (-0.36%) and DII (-0.30%) holdings may reflect cautious institutional sentiment.
• Flat quarterly profit growth (0.92%) and EPS of ₹16.7 indicate limited earnings momentum.

🌟 Company Positive News

• Stable PAT of ₹258 Cr and consistent dividend payout.
• Strong balance sheet with minimal leverage and operational efficiency.

🏭 Industry

• Operates in logistics and container freight, a sector influenced by trade volumes and infrastructure investment.
• Industry P/E (28.3) is slightly lower than the stock’s, suggesting a modest valuation premium.

🧾 Conclusion

• CONCOR is technically consolidating with neutral indicators and strong long-term fundamentals.
• Entry near ₹530–₹545 is favorable on confirmation of support; watch for breakout above ₹600.
• Long-term investors may hold for stability and yield; short-term traders should monitor volume and resistance levels.