IREDA - IntraDay Trade Analysis

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

🔋 IntraDay Trade Rating for IREDA: 2.7

IREDA is fundamentally intriguing given its public-sector backing and energy focus, but today’s setup leans heavily toward oversold and uncertain rather than actionable momentum. Technical indicators are bearish and fundamentals aren’t offering a short-term spark. Good for watchlists, less so for tactical intraday trades right now.

📉 Momentum & Technical Snapshot

RSI (27.2): Deeply oversold — risk of bounce, but not yet supported.

MACD (-4.32): Strong bearish slope — confirms continued selling pressure.

Price ₹150 sits below

DMA 50 ₹164

DMA 200 ₹175 → Long-term trend shows downward bias.

🔍 Volume Analysis

Current Volume: 87.1 Lakh

Avg Volume (1Wk): 65.1 Lakh ↪ Surprisingly higher volume today, but likely driven by sell-side pressure.

Watch for any surge above 90 Lakh paired with bullish candles on the 5-min chart — that could signal reversal interest.

🧾 Fundamental Pulse

📌 Metric Value Insight

PAT Q/Q Decline -35.7% Weak earnings momentum — red flag

ROE / ROCE 18% / 9.37% Fair returns, not exceptional

Debt-to-Equity 6.31 Extremely leveraged — limits flexibility

EPS / P/E ₹6.32 / 24.9 Fairly priced, but P/E matches industry

Institutional Flows FII +0.30% / DII +2.44% Some accumulation underway

⚠️ Not a momentum darling — volatility is high, but conviction is lacking.

🎯 Intraday Trade Plan

✅ For Fresh Entry

Buy Zone: ₹149 – ₹151 (only if bullish breakout candle forms with volume >90 Lakh)

Targets

First: ₹155

Second: ₹158

Stop-Loss: ₹146 (just below support zone)

🔄 If Already Holding Today

Profit Booking Zone: ₹155–₹158 (Exit if price stalls or volume dries near resistance zone)

Loss Exit: < ₹146 on strong red candle (Avoid breakdown toward ₹137 support)

Trailing Stop-Loss: ₹148 (Protect gains as soon as bounce initiates)

🧠 Final Verdict

IREDA is at a critical juncture — oversold and trying to stabilize, but no real buyers have stepped up yet. Intraday setups hinge on volume confirmation, and without that, it’s more prudent to wait than chase.

Want to compare it with other clean energy PSUs or scan for mid-cap breakouts with volume confirmation? I can dig up sharper names. Let’s keep your trades lean and tactical. 📊⚡

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