MANKIND - IntraDay Trade Analysis

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

IntraDay Trade Rating: 3.8

📊 Intraday Trading Analysis for MANKIND

Based on the provided parameters, here's a breakdown of whether MANKIND is a good intraday candidate today

✅ Positive Indicators

Price near 50-DMA (₹2,490): Current price of ₹2,555 is slightly above the 50-DMA, suggesting short-term support.

MACD (47.6) > Signal Line: Indicates bullish momentum.

RSI (53.0): Neutral zone, with room to move upward without being overbought.

Volume: Slightly below weekly average, but still healthy for intraday liquidity.

Recent PAT Growth: ₹425 Cr vs ₹374 Cr shows improving profitability.

⚠️ Cautionary Signals

High P/E (60.6) vs Industry PE (34.0): Valuation is stretched, which may limit upside.

PEG Ratio (7.33): Indicates overvaluation relative to growth.

Dividend Yield (0%): No passive income support.

Qtr Profit Var (-9.86%): Recent dip in quarterly profit could weigh on sentiment.

ROE/ROCE: Decent but not exceptional for a high-valuation stock.

📈 Intraday Strategy

🔹 If Entering Fresh Today

Optimal Buy Price: ₹2,540–₹2,550 (on minor dip near support)

Profit-Taking Levels

Target 1: ₹2,580 (minor resistance)

Target 2: ₹2,610 (momentum breakout zone)

Stop-Loss: ₹2,525 (below 50-DMA and intraday support)

🔹 If Already Holding Today

Exit Signals

Momentum Weakening: If MACD starts converging or RSI drops below 50

Volume Drop: If volume falls below 4,50,000 and price stagnates

Price Action: If price fails to hold above ₹2,550 by mid-session or shows lower highs

🧠 Final Thoughts

MANKIND is moderately suitable for intraday trading today, especially if it holds above its 50-DMA and shows strength in volume and price action. However, due to its high valuation and recent profit dip, it’s better suited for quick scalping rather than aggressive intraday positioning.

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