Concord Biotech is forming a bullish rounding-bottom pattern and has recently pierced the primary descending trendline with a close above it, indicating improving price structure.
The ₹1,420 zone is the key horizontal resistance. A sustained close above ₹1,420 could confirm the breakout and potentially bring further bullish momentum.
On the downside, ₹1,250–₹1,225 can be considered the key bullish order-block/demand zone. This area represents an important base from which the recent recovery developed. Holding this zone on any corrective move would keep the bullish structure intact, while a decisive breakdown below it would weaken the setup.
Technical view: Positive above ₹1,420 on sustained basis; ₹1,250–₹1,225 remains the key demand/support zone.
Educational purpose only. This is a technical-analysis view based on the chart provided and is not investment advice or a recommendation to buy, sell, or hold any security. Prepared in accordance with the stated SEBI RA educational context.
The ₹1,420 zone is the key horizontal resistance. A sustained close above ₹1,420 could confirm the breakout and potentially bring further bullish momentum.
On the downside, ₹1,250–₹1,225 can be considered the key bullish order-block/demand zone. This area represents an important base from which the recent recovery developed. Holding this zone on any corrective move would keep the bullish structure intact, while a decisive breakdown below it would weaken the setup.
Technical view: Positive above ₹1,420 on sustained basis; ₹1,250–₹1,225 remains the key demand/support zone.
Educational purpose only. This is a technical-analysis view based on the chart provided and is not investment advice or a recommendation to buy, sell, or hold any security. Prepared in accordance with the stated SEBI RA educational context.
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해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.