3MINDIA - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📊 IntraDay Trade Rating: 4.1

3M India Ltd (3MINDIA) presents a moderately strong setup for intraday trading today, with bullish momentum building and favorable technical indicators. Here's a breakdown of the analysis

🔍 Technical & Momentum Snapshot

Indicator Value Interpretation

Current Price ₹30,915 Slightly up from previous close

RSI 63.9 Bullish zone, nearing overbought

MACD +551 Strong bullish crossover

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Volume 20,155 Above average (1-week avg: 9,839)

50 DMA ₹29,724 Price is above — short-term strength

200 DMA ₹30,181 Price is above — long-term support

ADX 20.9 Mild trend strength

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Stochastic RSI Bullish Rising from oversold levels

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📈 Intraday Trade Setup

If entering a fresh trade

Optimal Buy Price: ₹31,000 (above intraday resistance)

Profit Target: ₹31,400–₹31,600

Stop-Loss: ₹30,520 (intraday low)

If already holding intraday

Exit on Weakness: If price drops below ₹30,520 with rising volume, exit to protect capital.

Exit on Strength: Book profits near ₹31,400–₹31,600 if RSI crosses 70 and volume sustains.

⚠️ Fundamental & Sentiment Check

ROCE (40.5%) & ROE (30.5%): Excellent capital efficiency.

Debt-to-Equity (0.01): Virtually debt-free — low risk.

PEG Ratio (1.07): Reasonably valued for growth.

P/E (57.2) vs. Industry P/E (24.9): Expensive, but justified by strong earnings and brand moat.

Quarterly PAT Growth: +21.6% — strong earnings momentum.

📌 Summary

3M India is a good candidate for intraday trading today, supported by bullish technicals, strong volume, and favorable price action. The stock is showing signs of upward momentum, and traders can consider entering above ₹31,000 with tight risk management.

Would you like a breakout watchlist or swing trade ideas for similar high-ROCE stocks?

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