Container Corporation of India Limited (CONCOR) Stock - Complete Technical Analysis - Nov 28, 2024

Technical Analysis of CONCOR Stock Support, Resistance & Key Levels NSE Stock Analysis

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions. Container Corporation of India Limited (CONCOR), currently trading at 821, has been under selling pressure from its recent high of 1180, with a 52-week low seen at 748. Recent price action shows slight volatility, as the stock has been fluctuating between 799 and 825 in the last few days, suggesting consolidation.

The stock is facing resistance around the 826-850 range, as indicated by the 50-day and 100-day EMAs. Support is seen around the 795-800 region, with ATR signaling moderate volatility. Momentum indicators, including the MACD and Awesome Oscillator, suggest bearishness, while RSI and ADX point to a neutral to strong trend in place.

Traders should keep an eye on the 826 level for potential breakout opportunities toward higher resistance levels. A failure to hold the support zone near 795-800 could trigger further declines. Caution is advised as the indicators show mixed signals, with no clear directional momentum at present.