ELGIEQUIP - IntraDay Trade Analysis with Live Signals

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

IntraDay Trade Rating: 3.7

📊 Strong fundamentals and MACD support a tactical intraday setup, though neutral RSI and declining volume suggest limited momentum.

📈 Positive

• 📊 MACD at 2.06 — bullish crossover indicates upward momentum.
• 📈 ROCE (28.4%) and ROE (21.9%) — excellent operational efficiency.
• 📈 DII holding increased by 1.01% — rising domestic institutional confidence.
• 📈 Debt-to-equity ratio of 0.01 — virtually debt-free.
• 📈 P/E of 42.5 vs industry P/E of 39.8 — trades at a slight premium, but within range.

⚠️ Limitation

• 📉 RSI at 47.5 — neutral zone, lacks strong bullish confirmation.
• 📉 Volume below average (3.13L vs 3.49L) — muted intraday participation.
• 📉 Trading below DMA 50 (₹491) and DMA 200 (₹517) — confirms short-term downtrend.
• 📉 PEG ratio of 1.82 — suggests valuation slightly stretched relative to growth.

📰 Company Negative News

• 📉 FII holding dropped by 1.50% — foreign investor sentiment weakening.
• 📉 PAT declined from ₹99.2 Cr. to ₹81.5 Cr. — sequential earnings contraction.

🌟 Company Positive News

• 📈 EPS of ₹11.3 — solid earnings base.
• 📈 Quarterly profit variation of 12.0% — steady performance despite recent dip.

⚙️ Industry

• 🏭 Operates in industrial air compressors and equipment — cyclical sector tied to manufacturing and infrastructure demand.
• 📊 Industry P/E of 39.8 — ELGIEQUIP trades slightly above, reflecting growth optimism.

📌 Conclusion

• 📈 Moderate intraday setup with bullish MACD and strong fundamentals, though volume and RSI suggest cautious positioning.
• 💡 Optimal buy range: ₹480–₹482. Target exit: ₹490–₹495.
• 🛑 Stop-loss: ₹472 to manage downside risk.
• 📤 If already holding, consider exiting near ₹490 if RSI crosses 50 or MACD flattens intraday.

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