ELGIEQUIP - IntraDay Trade Analysis with Live Signals

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

IntraDay Trade Rating: 3.3

📊 Analysis: ELGIEQUIP is trading at ₹472, below both 50 DMA (₹491) and 200 DMA (₹510), reflecting short-term weakness. RSI at 38.5 indicates near oversold territory, while MACD (-5.06) confirms bearish bias. Intraday volume (2.17 Lakh) is below average (3.57 Lakh), showing weak participation. The stock is closer to its 52-week low (₹390) than its high (₹614), suggesting pressure but potential for short-term bounce trades.

• 💡 Optimal Buy Price: ₹465–₹475 range if support near ₹460 holds.
• 📈 Profit-Taking Exit Levels: ₹485 (minor resistance), ₹491–₹510 (DMA resistance zone).
• ⚠️ Stop-Loss / Loss Protection: ₹460 (below intraday support).
• ⏱️ If Already Holding: Consider exiting near ₹485–₹510 if momentum stalls; cut positions if price breaks below ₹460 with rising volume.

Positive

• 📌 Strong ROCE (28.4%) and ROE (21.9%) — efficient capital use.
• 📌 EPS at ₹11.1 indicates earnings stability.
• 📌 PAT growth from ₹81.5 Cr. to ₹90.8 Cr. (+11.4% QoQ).
• 📌 DII holding increased by 1.01% — domestic institutions showing confidence.
• 📌 Debt-to-equity ratio at 0.01 — virtually debt-free.

Limitation

• ⚠️ Current price below both 50 DMA and 200 DMA — weak technical setup.
• ⚠️ RSI near oversold but MACD bearish — momentum conflict.
• ⚠️ Intraday volume below average — weak participation.
• ⚠️ High P/E (42.5 vs industry 39.1) — premium valuation.

Company Negative News

• ❌ FII holding decreased by -1.50% — foreign investor sentiment weakening.
• ❌ Quarterly profit variation at -7.24% — earnings volatility.

Company Positive News

• ✅ EPS and ROCE/ROE support strong fundamentals.
• ✅ PAT improvement sequentially despite overall profit variation.
• ✅ DII confidence reflected in increased holdings.

Industry

• 🏦 Industry P/E at 39.1 — sector moderately valued.
• 🏦 ELGIEQUIP trades at a slight premium (P/E 42.5), reflecting growth optimism but valuation risk.

Conclusion

⚖️ ELGIEQUIP is a weak-to-moderate intraday candidate today due to bearish momentum and below-average volume. Traders may attempt cautious entries near ₹465–₹475 with stop-loss at ₹460 and aim for exits between ₹485–₹510. Fundamentals remain strong, but short-term weakness and declining FII interest suggest defensive scalping rather than aggressive intraday trades.

Would you like me to extend this into a capital goods & industrial equipment sector basket overlay so you can benchmark ELGIEQUIP against peers like Kirloskar Pneumatic, Ingersoll Rand, and Atlas Copco for intraday rotation setups?