ELECON - IntraDay Trade Analysis with Live Signals

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

IntraDay Trade Rating: 4.2

📊 Intraday Trading Analysis — ELECON

ELECON presents a technically bullish and fundamentally strong setup for intraday trading. While volume is currently below average and DII sentiment has softened, the stock’s momentum indicators, price structure, and financial ratios support a favorable short-term trading opportunity.

✅ Strengths Supporting Intraday Trade

Technical Setup

Trading above both 50-DMA (₹586) and 200-DMA (₹578) — bullish structure.

RSI at 63.6 — strong momentum, approaching overbought.

MACD at 12.1 — positive crossover, confirming upward trend.

Fundamentals

ROCE (29.1%) and ROE (22.6%) — excellent capital efficiency.

Debt-to-equity ratio of 0.09 — low leverage.

PEG ratio of 0.70 — attractive growth valuation.

EPS of ₹23.3 and P/E of 35.6 — reasonable compared to industry PE (49.5).

FII holding increased by 0.96% — foreign institutional support.

Earnings Momentum

PAT of ₹107 Cr with 93.6% YoY growth — strong profitability.

⚠️ Risks to Watch

Volume Weakness

Current volume (2.68L) is below 1-week average (5.95L) — needs confirmation.

DII Sentiment

DII holding declined by 0.59% — mild domestic caution.

Sequential PAT Decline

PAT dropped from ₹125 Cr to ₹107 Cr — watch for trend reversal.

🎯 Intraday Strategy

🔽 Optimal Buy Zone

Entry Range: ₹616–₹622

Trigger: Price sustains above ₹620 with volume >3L in first hour

📈 Profit-Taking Levels

Target 1: ₹630 — minor resistance

Target 2: ₹640–₹645 — if momentum builds

🛑 Stop-Loss

₹605 — below VWAP and recent support

🕒 Exit Strategy If Already Holding

🔄 Exit on Weakness

RSI drops below 60 with declining volume

Price breaks ₹608 with bearish candle (e.g., engulfing or shooting star)

🚀 Exit on Strength

Price hits ₹640+ with RSI >66 and volume >3.5L

MACD histogram flattens or turns negative — signal to book profits

This setup favors momentum scalping with breakout potential. Let me know if you'd like help setting up a VWAP overlay or trailing stop for ELECON.

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