IRCON - IntraDay Trade Analysis with Live Signals

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

IntraDay Trade Rating: 3.7

📊 Intraday Trade Analysis for IRCON

✅ Strengths for Intraday Setup

MACD (2.44): Positive crossover, indicating bullish momentum.

RSI (62.7): Strong but not yet overbought — room for upside.

Price near 200-DMA (₹186): Testing a key support/resistance level.

Zero Debt: Financially sound, ideal for short-term speculative trades.

FII Holding Increase (+0.47%): Institutional interest is rising.

⚠️ Weaknesses to Watch

Volume Drop: Current volume (37.19L) is significantly below 1-week average (1.01Cr), suggesting reduced intraday participation.

PAT Decline: From ₹218 Cr to ₹151 Cr — earnings contraction.

PEG Ratio (2.78): Indicates expensive valuation relative to growth.

Price Action: Trading near resistance zone with limited upside unless breakout occurs.

🎯 Intraday Strategy

📈 If Entering Fresh Today

Optimal Buy Zone: ₹183.50–₹185.20 (on dips near VWAP or minor support)

Profit Targets

Primary Target: ₹188.80 (near resistance)

Secondary Target: ₹192.00 (if breakout sustains)

Stop Loss: ₹180.40 (below intraday support and psychological level)

📉 If Already Holding Today

Exit on Weakness

If price breaks below ₹182.00 with rising volume and bearish candles.

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

Exit on Strength

If price hits ₹188.80–₹192.00 and RSI crosses 70, consider booking profits.

Watch for bearish divergence or reversal candles near resistance.

🧠 Final Take

IRCON offers a moderately bullish intraday setup with strong technicals but fading volume and earnings pressure. Best suited for quick trades with disciplined exits. Momentum favors upside, but breakout confirmation is key.

Let me know if you'd like a live chart overlay or alert setup for this session.

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