ELGIEQUIP - IntraDay Trade Analysis with Live Signals

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

IntraDay Trade Rating: 3.9

📊 Intraday Trading Analysis — ELGIEQUIP

ELGIEQUIP presents a technically stable and fundamentally strong setup for intraday trading, though momentum indicators suggest caution. The stock is trading near its 50-DMA with healthy volume and strong financial ratios, making it suitable for range-bound scalping rather than aggressive breakout plays.

✅ Strengths Supporting Intraday Trade

Technical Structure

Price is hovering near 50-DMA (₹503), offering a pivot zone.

Current price (₹506) is above 200-DMA (₹528), suggesting short-term consolidation.

RSI at 56.8 — neutral-bullish zone, with room to rise.

Volume Strength

Current volume (12.77L) is slightly above 1-week average (12.13L) — steady liquidity.

Fundamentals

ROCE (28.4%) and ROE (21.9%) — excellent capital efficiency.

Debt-to-equity ratio of 0.01 — virtually debt-free.

PEG ratio of 1.92 — reasonable growth valuation.

EPS of ₹11.3 and P/E of 44.7 — in line with industry PE (44.8).

DII Sentiment

DII holding increased by 0.25% — mild domestic support.

⚠️ Risks to Watch

MACD at -9.24 — bearish crossover, signaling short-term weakness.

FII Sentiment

FII holding declined by 1.47% — foreign caution.

Earnings Dip

PAT dropped from ₹99.2 Cr to ₹81.5 Cr — sequential contraction.

🎯 Intraday Strategy

🔽 Optimal Buy Zone

Entry Range: ₹503–₹507

Trigger: Price sustains above ₹505 with volume >13L in first hour

📈 Profit-Taking Levels

Target 1: ₹514 — minor resistance

Target 2: ₹520–₹525 — if momentum builds

🛑 Stop-Loss

₹495 — below VWAP and recent support

🕒 Exit Strategy If Already Holding

🔄 Exit on Weakness

RSI drops below 54 with declining volume

Price breaks ₹498 with bearish candle (e.g., engulfing or shooting star)

🚀 Exit on Strength

Price hits ₹520+ with RSI >60 and volume >14L

MACD histogram flattens or turns positive — signal to book profits

This setup favors range-bound scalping with disciplined exits. Let me know if you'd like help setting up a VWAP overlay or trailing stop for ELGIEQUIP.

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