CONCOR

Technical View- The daily chart of

CONCOR indicates a prolonged downtrend, but recent price action suggests a slight recovery attempt. The stock made a low of ₹575.25 and closed at ₹581.10 today, reflecting some buying interest at lower levels. The RSI is at 27.40, which is in the oversold zone and indicates a possible short-term bounce. MACD remains negative, but the histogram is showing signs of declining bearish momentum. Parabolic SAR dots are still above the candles, suggesting that the downtrend hasn’t completely reversed yet. The stock continues to trade below all major moving averages (20, 50, 100, and 200 EMA), reflecting weakness in the broader trend. If the stock sustains above ₹575 and breaks ₹585–590 levels, a short-term pullback toward ₹605–615 could be possible, while ₹565–570 may act as support, I am expecting if it sustains around this level & continue the rally it can retest the level of 600-625 in short term view. Warning: This report is for educational and knowledge-sharing purposes only. Disclaimer: Registration granted by SEBI, membership of a SEBI-recognized supervisory body (BSE), and certification from NISM in no way guarantee performance or returns. Disclosure: Neither I nor any of my family members hold any position or personal interest in this stock. Please consult your financial advisor or SEBI-registered Research Analyst before making any investment decision.