MANYAVAR - IntraDay Trade Analysis with Live Signals

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

IntraDay Trade Rating: 2.9

MANYAVAR (Vedant Fashions Ltd.) currently shows a weak-to-neutral setup for intraday trading. While the fundamentals are solid and volume is slightly above average, technical indicators suggest limited upside unless momentum improves sharply.

📊 Intraday Trade Analysis

🔻 Bearish Indicators

MACD Deep Negative (–8.59): Indicates strong bearish momentum.

RSI at 42.4: Below neutral zone, showing weak buying pressure.

Price Below DMA50 & DMA200: ₹727 is below both 50-DMA (₹755) and 200-DMA (₹869), confirming short-term and long-term weakness.

Quarterly PAT Decline: From ₹101 Cr to ₹70.3 Cr — a 30% drop.

High PEG Ratio (5.96): Indicates expensive growth.

FII Holding Decline: Slight foreign sentiment weakness.

✅ Mild Positives

Volume Slightly Above Average: Current volume (1.68 lakh) is ~13% higher than 1-week average.

Strong ROCE (25.9%) & ROE (22.3%): Operational efficiency remains robust.

Low Debt-to-Equity (0.27): Financially stable.

DII Holding Increased: Domestic institutions showing confidence.

🎯 Intraday Strategy

📌 Optimal Buy Price

Entry Zone: ₹720–₹727

Only if volume exceeds 2 lakh and RSI crosses above 45.

💰 Profit-Taking Levels

Target 1: ₹735

Target 2: ₹745–₹750

If momentum improves and price reclaims 50-DMA.

🛡️ Stop-Loss

Exit Below: ₹712

A break below this level signals loss of intraday strength.

🕒 If Already Holding Today

📌 Exit Triggers

MACD Histogram Expands Negatively: Indicates worsening momentum.

Volume Drops Below 1.4 lakh: Signals fading interest.

Price Rejection at ₹735–₹745: If price fails to break this zone, consider exiting.

RSI Falls Below 40: Confirms bearish pressure.

MANYAVAR is best suited for tight-range scalping or reversal watch today. If you'd like to compare it with other apparel or retail plays like TCNS Clothing or Aditya Birla Fashion, I can help with that too.

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