Stock Information Portal

Price and trend forecast of CONCOR for Tomorrow, Weekly, Monthly

Container Corporation of India Limited

Symbol: NSE:CONCOR

ISIN: INE111A01025

896.35

As on 2024-10-09

672.20 (52W Low) 1,180.00 (52W High)

CONCOR's Today's Performance

Container Corporation of India Limited started the day by opening at 896.95 today 2024-10-09. Its shares reached a high of 906.05 and dipped to a low of 888.70 in intraday. When the markets closed, CONCOR’s stock price settled at ₹896.35 per share. Also check out its key support and resistance levels.

CONCOR Buy/Sell Targets

Tomorrow, buy CONCOR when its price reaches ₹ 896.35 with a stop-loss order at ₹ 883.70. You can set the target price as ₹ 909.00 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of CONCOR for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for CONCOR

Downside Targets Value in ₹
Tomorrow Down Target 1 905
Tomorrow Down Target 2 914
Tomorrow Down Target 3 923

Important Levels for CONCOR

Holding Levels Value in ₹
Tomorrow Up Target 1 888
Tomorrow Up Target 2 880
Tomorrow Up Target 3 871
Based on where the stock opens tomorrow, if CONCOR opens on a positive note, our first target will be ₹905. If Target 1 is achieved, we will aim for Target 2 which is ₹914.

But if CONCOR falls below the average value of ₹897.03, you can enter a sell side position with target number 1 - ₹888 and second target - ₹880 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of CONCOR

Looking at CONCOR, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, CONCOR has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for CONCOR is moderate bearish.

Tomorrow's Volume based share price Forecast for CONCOR

CONCOR's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is -54%.

Reversal detection for CONCOR

Predicted trend chart of CONCOR tomorrow for price forecast
CONCOR may trend may continue to be bullish since stock is making higher highs and we can get target of ₹884 in morning tomorrow
Target 1 tomorrow904
Target 2 tomorrow908
Target 3 tomorrow914
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with CONCOR's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if CONCOR opens on a positive note, our first target will be ₹905.37. If Target 1 is achieved, we will aim for Target 2 which is ₹914.38.

But if CONCOR falls below the average value of ₹897.03, you can enter a sell side position with target number 1 - ₹888.02 and second target - ₹879.68

CONCOR's Weekly Targets
1st Up Target 915.60
2nd Up Target 934.85
1st Down Target 867.55
2nd Down Target 838.75

As the week for CONCOR ended on bullish sentiments, we can expect further continuation of this sentiment. CONCOR's initial target will be 915.60 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 867.55 in the upcoming week.

Weekly OHLC Values
Open 885.90
High 906.05
Low 858.00
Close 896.35

Week for CONCOR started with an open price of 885.90, and the close was at 896.35. CONCOR reached the highest of 906.05 and dipped lowest up to 858.00 last week. This indicates a bullish sentiment for the week.

CONCOR full month swing targets
Monthly Up Target 1 963.65
Monthly Up Target 2 982.90
Monthly Down Target 1 819.50
Monthly Down Target 2 742.65

Targets of ₹963.65 can be expected to be reached in the coming month. Once CONCOR achieved this target, we can aim for the next upside target of ₹982.90.

CONCOR if fails to hold upside, down targets of ₹819.50 and ₹742.65 can be achieved by end of this month.

For complete three weeks if CONCOR is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as CONCOR

Symbol Name Industry
LT Larsen & Toubro Limited Engineering & Construction
ADANIPORTS Adani Ports and Special Economic Zone Limited Marine Shipping
HAL Hindustan Aeronautics Limited Aerospace & Defense
SIEMENS Siemens Limited Specialty Industrial Machinery
BEL Bharat Electronics Limited Aerospace & Defense

Summary

CONCOR is expected to reach the target of 905.37 in tomorrow's trading session.

After achieving the initial target in CONCOR, we will aim for higher targets of 914.38 tomorrow.

However, if CONCOR starts to trade below ₹897.03, then we will shift our focus to the sell side and aim for down targets of 888.02 and 879.68.