ELECON - IntraDay Trade Analysis with Live Signals

Last Updated Time : 05 Nov 25, 7:43 am

IntraDay Trade Rating: 3.4

📊 Stable fundamentals and technical proximity to support levels offer a tactical intraday setup, though weak momentum and volume suggest limited upside.

📈 Positive

• 📈 ROCE (29.1%) and ROE (22.6%) — strong operational efficiency.
• 📈 Debt-to-equity ratio of 0.12 — low financial risk.
• 📈 PEG ratio of 0.62 — reasonable valuation relative to growth.
• 📈 DII holding increased by 0.33% — mild domestic institutional support.

⚠️ Limitation

• 📉 MACD at -4.71 — bearish divergence, momentum remains weak.
• 📉 RSI at 49.4 — neutral zone, lacks strong bullish confirmation.
• 📉 Volume slightly below average (2.54L vs 2.63L) — muted intraday interest.
• 📉 Trading below DMA 50 (₹573) and DMA 200 (₹576) — confirms short-term downtrend.

📰 Company Negative News

• 📉 FII holding dropped by 1.30% — foreign investor sentiment weakening.
• 📉 PAT declined from ₹107 Cr. to ₹78.9 Cr. — sequential earnings contraction.

🌟 Company Positive News

• 📈 EPS of ₹23.8 — solid earnings base.
• 📈 Quarterly profit variation of 17.6% — signs of resilience despite recent dip.

⚙️ Industry

• 🏭 Operates in industrial gear and transmission systems — cyclical sector tied to infrastructure and manufacturing demand.
• 📊 Industry P/E of 49.8 — ELECON trades at a discount, offering relative value.

📌 Conclusion

• 📉 Moderate intraday setup with strong fundamentals and valuation support, but weak momentum and volume suggest cautious positioning.
• 💡 Optimal buy range: ₹562–₹565. Target exit: ₹572–₹578.
• 🛑 Stop-loss: ₹555 to manage downside risk.
• 📤 If already holding, consider exiting near ₹572 if RSI crosses 52 or MACD flattens intraday.

I can also help you compare ELECON’s setup with other industrial equipment stocks showing stronger MACD and RSI signals for intraday trades.