INDGN - IntraDay Trade Analysis with Live Signals

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

IntraDay Trade Rating: 3.8

📊 Intraday Trade Analysis for INDGN

✅ Bullish Indicators

MACD (3.31): Positive crossover, indicating upward momentum.

RSI (61.5): Bullish zone, with room to rise before overbought.

Price Above DMA 50 & 200: Trading above both (₹568 and ₹579), confirming short-term strength.

Institutional Accumulation: FII (+4.80%) and DII (+2.24%) holdings have increased.

Debt-to-Equity (0.01): Virtually debt-free, ideal for speculative trades.

ROCE (16.6%) & ROE (12.6%): Solid profitability metrics.

⚠️ Cautionary Signals

High P/E (72.5) vs Industry PE (51.1): Valuation is stretched.

Volume Drop: Current volume (3.14L) is significantly below 1-week average (5.49L), suggesting reduced intraday interest.

PEG Ratio (6.95): Indicates expensive growth.

PAT Decline: From ₹54.2 Cr to ₹45.1 Cr — earnings contraction.

🎯 Intraday Strategy

📈 If Entering Fresh Today

Optimal Buy Zone: ₹578–₹582 (on dips near VWAP or minor support)

Profit Targets

Primary Target: ₹592 (minor resistance)

Secondary Target: ₹598–₹602 (if momentum sustains)

Stop Loss: ₹570 (below DMA 50 and psychological support)

📉 If Already Holding Today

Exit on Weakness

If price breaks below ₹574 with rising volume and bearish candles.

RSI drops below 58 or MACD flattens — signals fading momentum.

Exit on Strength

If price hits ₹592–₹602 and RSI crosses 70 with declining volume — consider booking profits.

Watch for bearish divergence or reversal candles near resistance.

🧠 Final Take

INDGN offers a moderately bullish intraday setup with strong technicals and institutional support. However, stretched valuations and fading volume suggest caution. Best suited for disciplined traders with tight stop-losses and quick exits.

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