KNRCON - IntraDay Trade Analysis

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

📊 Intraday Trade Analysis for KNRCON (₹213)

⭐ Trade Rating

Rating: 2.6

KNRCON shows strong fundamentals but is currently in a technical downtrend, making it a low-confidence candidate for intraday trading today.

🔍 Technical Overview

RSI (38.8): Near oversold, but not yet signaling a reversal.

MACD (-0.46): Mild bearish crossover, momentum remains weak.

Volume: Slightly below 1-week average, indicating reduced participation.

Price vs DMA: Trading below both 50-DMA (₹221) and 200-DMA (₹252), confirming short-term weakness.

🛒 Optimal Buy Price (If Entering Today)

Buy Zone: ₹210–₹213 (only if price stabilizes with volume pickup)

Stop-Loss: ₹205 (below recent support)

Profit Target: ₹220–₹224 (near resistance and VWAP zone)

🚪 Exit Strategy (If Already Holding Intraday)

Exit on Weakness: If price dips below ₹210 with low volume, consider exiting.

Exit on Strength: If price crosses ₹218 with rising volume and RSI > 42, trail stop-loss to ₹213 and aim for ₹224.

Time-Based Exit: If no breakout by 2:30 PM IST, exit to avoid late-session volatility.

⚠️ Key Observations

✅ Strong ROCE/ROE: Indicates efficient capital deployment.

✅ Low P/E (5.36) vs Industry (23.8): Undervalued on earnings.

❌ DII Holding Decline (-3.21%): Institutional caution.

❌ Qtr Profit Drop (-76.1%): Signals earnings volatility.

❌ Trading Near 52-Week Low: Weak sentiment.

Would you like me to scan for stronger intraday setups with better momentum and volume profiles? I can shortlist a few high-probability trades for today’s session.

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