IRCON - IntraDay Trade Analysis

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

📊 IntraDay Trade Rating for IRCON: 3.2

IRCON looks technically oversold and shows relative volume strength, suggesting a possible short-term recovery. However, it's underperforming relative to key moving averages and has shaky recent fundamentals — which makes it more of a scalp trade candidate than a conviction setup.

📈 Technical Breakdown

Price @ ₹181 < both DMA 50 (₹190) & DMA 200 (₹192) → indicates weak trend continuation.

RSI (36.6) → creeping into oversold territory.

MACD (-4.15) → bearish momentum in full swing.

Volume (31.7L) > 1W Avg (26.9L) → a spark of life in trading interest.

📉 Fundamental Clues

Metric Value Comment

ROCE / ROE 12.1% / 11.9% Decent but not standout

EPS / PE ₹7.73 / 23.4 Fairly valued vs industry PE

PEG Ratio 3.36 Price may be overstretching growth

PAT Qtr Var -14.5% Recent earnings dip

Debt-to-Equity 0.68 Moderate leverage

Fundamentals are solid for long-term—but not supportive of aggressive intraday moves today.

🔍 Intraday Game Plan

💰 Fresh Buy Zone

Entry: ₹179 – ₹181 (only on strong green candle with follow-through volume on 5-min chart)

Exit Targets

Level 1: ₹183.5

Level 2: ₹186

Stop-Loss: ₹178

🛑 Already Holding Today?

Momentum Exit Zones

Profit Booking: ₹183.5–₹186 (approaching resistance from breakdown point)

Exit on weakness: If ₹178 breaks with heavy volume, cut quickly

Volume Watch: A volume drop with flat price around ₹182 signals indecision → consider partial exit

⚠️ Final Word

IRCON is a short-window reactive play today — not ideal for casual trades, but it can work for fast hands in a low-risk-high-discipline setup. Wait for strong price action confirmation before jumping in.

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