Container Corporation of India nears Rs 421.45 support

Container Corporation of India closed at Rs 442.00, with support at Rs 421.45 and range resistance at Rs 543.70 in focus. Container Corporation of India Limited [

] closed at Rs 442.00, down 1.23%, and now sits 4.6% above its key support of Rs 421.45. The stock trades near the bottom of its 2026 range. The day ranged from Rs 436.35 to Rs 450.85. RSI reads 29.07, below the 30 mark. At its annual general meeting on 28 September 2026, the company reported record FY26 throughput of 5.58 million TEUs, up 9.56%, and net profit of Rs 1,246 crore. It is India's largest integrated container logistics company, so volume growth is a main driver of earnings. My view is cautious. The major trend is bearish, with the stock down from its 2024 high near Rs 944. Price is about 19% below the range top of Rs 543.70, and sellers have controlled the last few weeks. An oversold RSI can bring a bounce. At the lower side Rs 421.45 may act the major support level. A daily close below it would point to further weakness. A close above Rs 543.70 would change my view. So, bearish bias below Rs 421. I do not hold any position in Container Corporation of India Limited. This post is not a recommendation to buy, sell or hold. Investments in securities markets are subject to market risks. Please read all related documents carefully and consult your own advisor before investing.