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Concord Drugs Limited

CONCORD.BO Technical Analysis Summary (BSE)

Analyze CONCORD.BO on the BSE with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

CONCORD.BO●BSE
HealthcareMedical - Pharmaceuticals
₹75.30
₹1.72(2.23%)
Indian Market opens in 11h 10m

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

CONCORD.BO Technical Analysis Summary (BSE)

Concord Drugs Limited (BSE: CONCORD.BO) stock currently shows a neutral trend on the BSE, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Neutral to Bearish (RSI: 45.14)
Trend Strength:Very Strong (ADX: 50.37)
Volatility:High (ATR: 4.49)
Support/Resistance:$75.39 – $83.28 (Bollinger Bands)

Technical conditions suggest Concord Drugs Limited on the BSE is awaiting a decisive move. Overall, Concord Drugs Limited remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 45.14

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 19.21

Bullish
Oversold zone signals rebound potential.

Williams %R: -97.87

Bullish
Oversold zone suggests rebound potential.

Rate of Change (ROC): -9.11

Strongly Bearish
Sharp downside momentum.

Takeaway:Concord Drugs Limited shows strong bearish momentum, signaling downside pressure.

Trend & Volatility

MACD: 0.77

Bullish
Bullish, trend momentum is strengthening.

ADX: 50.37

Very Strong
Very strong trend, powerful directional momentum.

ATR (14): 4.49

Medium
Medium volatility, healthy price movement.

CCI (14): -179.31

Bearish
Bearish, oversold conditions may spark rebound.

Takeaway:Concord Drugs Limited shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
$83.28
Middle Band (SMA 20)
$79.34
Lower Band
$75.39
Current Position
Below Lower Band

Takeaway:Concord Drugs Limited trades near the lower band, signaling oversold conditions and potential rebound.

Keltner Channels
Upper Channel
$87.04
Middle Line (EMA 20)
$78.05
Lower Channel
$69.06
Squeeze Status
Squeeze On

Takeaway:Concord Drugs Limited trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume-109.00
Money Flow Index29.35Bearish, selling pressure outweighs inflows.
Relative Vigor Index40.03Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:CONCORD.BO shows bearish money flow, with sellers dominating volume and vigor.

Technical Trading Signals Summary
Based on the current technical analysis of Concord Drugs Limited (BSE: CONCORD.BO), here are the key trading signals and recommendations:

Bullish Signals

MACD above 0 → bullish trend confirmation.

ADX above 20 → strong underlying trend.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

MACD below signal line → short-term caution on momentum.

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Technical indicators for Concord Drugs Limited are mixed, suggesting a Hold or wait-and-see approach.

(BSE: CONCORD.BO) Technical Analysis FAQ