Meyka Pro is live. Get 50% off your first 3 months.Get Started →
Meyka Pro banner
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
₹68.06
₹0.94(1.36%)
Indian Market opens in 51h 2m

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 bearish trend on the BSE, supported by momentum and weak buying pressure.

Overall Sentiment:Sell
Momentum:Bearish to Weak (RSI: 39.07)
Trend Strength:Moderate (ADX: 20.90)
Volatility:High (ATR: 4.41)
Support/Resistance:$65.74 – $78.99 (Bollinger Bands)

Technical conditions suggest Concord Drugs Limited on the BSE is awaiting a decisive move. This mix signals that Concord Drugs Limited is trading in a balanced range with no clear breakout yet.

Momentum Indicators

RSI (14): 39.07

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 18.21

Bullish
Oversold zone signals rebound potential.

Williams %R: -77.81

Bearish
Sellers maintain momentum below neutral.

Rate of Change (ROC): -10.09

Strongly Bearish
Sharp downside momentum.

Takeaway:Concord Drugs Limited shows weakening momentum, with sellers gaining the edge.

Trend & Volatility

MACD: -2.22

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 20.90

Moderate
Moderate trend, direction gaining strength.

ATR (14): 4.41

Medium
Medium volatility, healthy price movement.

CCI (14): -114.82

Bearish
Bearish, oversold conditions may spark rebound.

Takeaway:Concord Drugs Limited shows weakening trend signals, with bearish pressure building.

Support & Resistance indicators
Bollinger Bands
Upper Band
$78.99
Middle Band (SMA 20)
$72.37
Lower Band
$65.74
Current Position
Within Bands

Takeaway:Concord Drugs Limited trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$80.47
Middle Line (EMA 20)
$71.64
Lower Channel
$62.81
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-43.11K
Money Flow Index18.35Bullish, oversold conditions signal rebound potential.
Relative Vigor Index30.51Bearish, price momentum favors sellers.

Overall Takeaway:CONCORD.BO shows oversold money flow, with rebound potential building.

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

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:Concord Drugs Limited shows a Bearish signal — selling pressure is building, with trend indicators favoring downside.

(BSE: CONCORD.BO) Technical Analysis FAQ