ELECON - IntraDay Trade Analysis with Live Signals

Last Updated Time : 20 Dec 25, 07:02 am

IntraDay Trade Rating: 2.9

📊 Analysis: ELECON is trading at ₹483, below both 50 DMA (₹518) and 200 DMA (₹556), reflecting short-term and medium-term weakness. RSI at 32.6 indicates oversold conditions, while MACD (-15.0) confirms bearish bias. Intraday volume (1.24 Lakh) is below average (1.50 Lakh), showing weak participation. The stock is closer to its 52-week low (₹348) than its high (₹717), suggesting pressure with limited upside intraday.

• 💡 Optimal Buy Price: ₹475–₹485 range if support near ₹470 holds.
• 📈 Profit-Taking Exit Levels: ₹500 (minor resistance), ₹518–₹520 (50 DMA resistance zone).
• ⚠️ Stop-Loss / Loss Protection: ₹470 (below intraday support).
• ⏱️ If Already Holding: Consider exiting near ₹500–₹520 if momentum stalls; cut positions if price breaks below ₹470 with rising volume.

Positive

• 📌 Strong ROCE (29.1%) and ROE (22.6%) — efficient capital use.
• 📌 EPS at ₹23.8 indicates solid earnings base.
• 📌 PEG ratio at 0.53 — reasonable growth valuation.
• 📌 DII holding increased by 0.33% — domestic institutions showing confidence.
• 📌 Debt-to-equity ratio at 0.12 — low leverage.

Limitation

• ⚠️ Current price below both 50 DMA and 200 DMA — weak technical setup.
• ⚠️ RSI oversold but MACD bearish — momentum conflict.
• ⚠️ Intraday volume below average — weak participation.
• ⚠️ Quarterly PAT declined from ₹107 Cr. to ₹78.9 Cr. (-26%).

Company Negative News

• ❌ FII holding decreased by -1.30% — foreign investor sentiment weakening.
• ❌ PAT decline in the latest quarter indicates earnings pressure.

Company Positive News

• ✅ Strong fundamentals with high ROCE and ROE.
• ✅ EPS and PEG ratio support valuation strength.
• ✅ DII confidence reflected in increased holdings.

Industry

• 🏦 Industry P/E at 43.9 — sector richly valued.
• 🏦 ELECON trades at a discount (P/E 26.9), offering relative value compared to peers.

Conclusion

⚖️ ELECON is a weak-to-moderate intraday candidate today due to bearish momentum and below-average volume. Traders may attempt cautious entries near ₹475–₹485 with stop-loss at ₹470 and aim for exits between ₹500–₹520. Fundamentals remain strong, but short-term weakness and declining profits suggest defensive scalping rather than aggressive intraday trades.

Would you like me to extend this into a capital goods & engineering sector basket overlay so you can benchmark ELECON against peers like ABB India, Siemens, and Thermax for intraday rotation setups?