COROMANDEL - IntraDay Trade Analysis with Live Signals

Last Updated Time : 19 Sept 25, 2:16 pm

IntraDay Trade Rating: 3.7

📊 Intraday Trading Analysis — COROMANDEL

COROMANDEL presents a mixed setup for intraday trading today. While its fundamentals and recent earnings growth are strong, technical indicators and volume trends suggest caution for short-term trades.

✅ Strengths Supporting Intraday Trade

Fundamentals

ROCE (24.6%) and ROE (17.5%) — solid operational efficiency.

Debt-to-equity ratio of 0.05 — low leverage.

EPS of ₹71.9 and P/E of 33.2 — slightly premium but justified by performance.

PAT surged 53.6% QoQ (₹508 Cr vs ₹313 Cr) — strong earnings momentum.

FII holding increased by 3.67% — foreign institutional confidence.

Price Action

Trading above 200-DMA (₹2,133) but slightly below 50-DMA (₹2,330) — neutral zone.

Current price (₹2,305) is near pivot level — potential for bounce or breakdown.

⚠️ Risks to Watch

Momentum Indicators

RSI at 49.4 — neutral, lacks directional bias.

MACD at -32.5 — bearish crossover, signaling weakness.

Volume Weakness

Current volume (2.64L) is below 1-week average (3.10L) — fading interest.

Valuation

PEG ratio of 4.17 — expensive relative to growth.

DII holding declined by 3.11% — domestic caution.

🎯 Intraday Strategy

🔽 Optimal Buy Zone

Entry Range: ₹2,295–₹2,305

Trigger: Price sustains above ₹2,300 with volume >3L in first hour

📈 Profit-Taking Levels

Target 1: ₹2,320 — minor resistance

Target 2: ₹2,340–₹2,350 — if momentum builds

🛑 Stop-Loss

₹2,280 — below VWAP and recent support

🕒 If You Already Hold Today

🔄 Exit on Weakness

RSI drops below 47 with declining volume

Price breaks ₹2,285 with bearish candle (e.g., engulfing or shooting star)

🚀 Exit on Strength

Price hits ₹2,340+ with RSI >55 and volume >3.5L

MACD histogram flattens or turns positive — signal to book profits

This setup favors range-bound scalping with tight risk control. Let me know if you'd like help setting up a VWAP overlay or momentum tracker for COROMANDEL.

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