CONCOR

Technical View- As seen on the weekly chart, the stock is holding firmly above its 14-day and 55-day EMAs, while on the daily chart as well, it continues to take strong support at the 14-day EMA. Over the past two weeks, the stock witnessed a decline, yet it managed to protect its 14-day EMA support zone. Last week, the stock opened at ₹759.00, made a low of ₹725.50, a high of ₹767.45, and finally closed at ₹738.25. Following the Q4 result announcement, the stock faced continuous selling pressure for two weeks, where it made a high of ₹814.45 on 5th June 2025 and has been in a corrective phase since then. On 19th June 2025, the stock touched a low of ₹725.50, from where a recovery attempt has been observed. For the last three trading sessions, the stock has been holding strong above its 14-day EMA support zone. In the current week as well, the stock opened at ₹737.90, made a low of ₹729.35, a high of ₹763.70, and closed at ₹756.35, indicating strength at lower levels. In my view, if the stock continues to sustain above its 725-support zone, it is likely to retest the 800 levels in the coming weeks. The recent two-week decline could be retraced over the next 2-3 weeks, and as per the weekly chart structure, with a stop-loss at ₹725, the stock has the potential to touch ₹850 levels. Therefore, adopting a "buy on dip" strategy for adding this stock to the portfolio could be considere. Disclaimer “Registration granted by SEBI, and certification from NISM in no way guarantee performance of the Research Analyst or provide any assurance of returns to investors. Standard Warning “Investment in securities market are subject to market risks. Read all the related documents carefully before investing.” For More Info- visit- ***** Email- info@***** Contact- 9009099805, 9098804206