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538965 NEWS why is Concord price falling or rising

538965 NEWS reasons for why stock price of Concord is falling or rising

538965 Concord is falling or rising technical reasons

Technical analysis forecast for Concord Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Concord 538965 at this time. Stock is falling and might fall more.

It appears as if Concord 538965 gave a large move recently.

Stock of Concord (538965) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Concord is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Concord stays below 78.5, but if it comes above 78.5, then a intra day buy could be more profitable.
If you take a sell trade below 78.5, then use 78.5 as stoploss and 76.4 as target. However if you take a buy trade in Concord, then use 78.5 as stoploss and 80.21 as target.

538965 Concord is falling or rising NEWS fundamental reasons

Concord Biotech shares gain 6% after USFDA approval for Tofacitinib tablets Concord Biotech's shares surged over 6% after receiving USFDA approval for its Tofacitinib Tablets in 5 mg and 10 mg strengths. This approval for rheumatoid arthritis and other conditions is expected to bolster its U.S. market presence and product portfoli - NEWS as on 2026-06-10 indiatimes.com

Concord Biotech shares jump 8% on USFDA nod for Mycophenolate Mofetil oral suspension Concord Biotech shares saw a significant jump on Wednesday. This surge followed the company's announcement of receiving approval from the USFDA for its Mycophenolate Mofetil for Oral Suspension. This antimetabolite immunosuppressant is used in organ transp - NEWS as on 2026-06-03 indiatimes.com

More announcements and NEWS

538965 Concord current price & indicator signals

Moving Averages for Concord

  • 5Day Average: 78.97
  • 12Day Average: 80.09
  • 20Day Average: 80.3
  • 50Day Average: 80.85
  • 100Day Average: 78.6
  • 150Day Average: 79.8
  • 200Day Average: 76.32

538965 Indicators & signals

Indicator MACD (12,26,9)

79.83, 80.31, -0.21
Indicator MACD is in negative zone

Indicator ADX (14)

10.49, 12.62, 15.58
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 54
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of 538965 Concord are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
17 Wed Jun 2026 77.93 77.65 to 82.30 -1.69% 0.71 times
16 Tue Jun 2026 79.27 78.11 to 82.85 -3.1% 0.56 times
15 Mon Jun 2026 81.81 77.34 to 81.88 5.82% 0.56 times
12 Fri Jun 2026 77.31 74.70 to 81.00 -1.57% 2.93 times
11 Thu Jun 2026 78.54 78.40 to 83.90 -3.91% 0.41 times
10 Wed Jun 2026 81.74 81.05 to 82.00 3.34% 0.41 times
09 Tue Jun 2026 79.10 78.65 to 81.95 -1.26% 0.51 times
08 Mon Jun 2026 80.11 79.00 to 84.70 -2.65% 1.04 times
05 Fri Jun 2026 82.29 80.25 to 83.00 2.34% 0.81 times
04 Thu Jun 2026 80.41 80.00 to 86.80 -2.53% 1.4 times
03 Wed Jun 2026 82.50 77.61 to 83.95 3% 1.37 times
02 Tue Jun 2026 80.10 77.21 to 84.99 -2.94% 0.84 times

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