ERIS - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📊 Intraday Trade Analysis – ERIS Lifesciences IntraDay Trade Rating: 4.2

This stock is technically and sentimentally positioned as a strong candidate for intraday trading, with signs of positive momentum and price strength. Here's how it stacks up

🔍 Key Intraday Insights

RSI: 61.0 → Bullish momentum; inching towards overbought territory, which could limit upside.

MACD: 32.3 → Strong upward signal; momentum supports continuation of trend intraday.

Volume: 69K vs Avg 1Wk: 113K → Lower than average but sufficient for price movement tracking.

Price above DMA50 & DMA200 → Indicates continuation of medium-term uptrend.

Fundamentals: High P/E (69.8) and negative PEG suggest premium valuation and slower expected growth, but recent quarter profit jump (+32.1%) counters concerns.

💸 Recommended Trade Setup

Position Type Price Range

Buy Entry Zone ₹1,785 – ₹1,790

Profit Target ₹1,810 – ₹1,825

Stop-Loss Level Below ₹1,770

🏹 Aim for breakout above ₹1,800 psychological level with momentum validation.

⏱ Already Holding? Intraday Exit Guidance

If you're holding ERIS during today's session

Consider exiting if

Price hits ₹1,810–₹1,825 with MACD trending up and RSI approaching 65+

Volume spikes above 85K+, confirming buyer strength

Consider cutting losses if

Price drops below ₹1,770 with decreasing volume and flattening MACD

RSI falls below 58, hinting at trend reversal

🧠 Final Takeaway

ERIS shows a well-supported technical setup for intraday movement, leaning bullish. Momentum indicators are strong, and if volume picks up, there’s room to ride the wave. Just make sure your exit plan is as tight as your entry.

Want help screening other momentum picks or plotting this on candlestick charts? I’m all in.

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