CONCOR is in a strong downtrend with all 12 moving averages (MA5-MA200 SMA/EMA) signaling “Strong Sell” and price at ~₹503 trading below them after recent declines. Deeply oversold oscillators confirm weakness: RSI(29) Sell, STOCH(19) Oversold, StochRSI(0) Oversold, MACD(-3.52) Sell, Williams %R(-90) Oversold, CCI(-124) Sell with ADX(38) showing trend strength. Pivot supports at ₹595(S2)-₹597(S1) from prior range now irrelevant; current spot support near ₹502-₹495 with resistance ₹601-₹603; bounce potential exists but structure remains bearish until MAs reclaim.
Warning-
Disclaimer– Registration granted by SEBI, membership of a SEBI recognized supervisory body (BSE) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
Disclosure– Investments in securities market are subject to market risks, read all the related documents carefully before investing.