MANYAVAR - IntraDay Trade Analysis

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

IntraDay Trade Rating: 3.2

Here’s a detailed intraday analysis for Vedant Fashions Ltd (MANYAVAR) based on current technical indicators, price action, and volume behavior

📊 Intraday Trade Assessment

✅ Positives

Strong ROCE (30.7%) & ROE (26.7%): Indicates excellent capital efficiency.

Quarterly PAT Growth (+37.3%): Shows improving profitability.

PEG Ratio (0.99): Reasonable valuation given growth.

Price near 52-week low (₹706): Potential for bounce if sentiment improves.

⚠️ Negatives

MACD Negative (-6.39): Bearish momentum.

RSI at 34.9: Near oversold, but not yet reversing.

Price below 50 DMA (₹794) and 200 DMA (₹922): Confirms downtrend.

Volume (1.23L) below 1-week average (1.41L): Weak participation.

High P/E (45.5) vs Book Value (₹62.9): Expensive relative to fundamentals.

FII Holding Decline (-0.26%): Mild institutional selling.

🛒 Optimal Buy Price for Intraday

Buy Zone: ₹745–₹750 (near support zone)

Confirmation: Entry only if price stabilizes above ₹750 with rising volume and bullish candle

🎯 Exit Levels

Scenario Price Level (₹) Strategy

Profit Booking ₹765–₹770 Minor resistance zone

Aggressive Target ₹780–₹785 If momentum picks up

Stop Loss ₹738 Below recent support

📈 If You Already Hold the Stock Today

Exit on Weakness: If price drops below ₹745 and MACD continues to decline.

Exit on Spike: If price hits ₹770–₹780 with RSI > 40 and volume surge.

Hold Only If: Price sustains above ₹760 with improving MACD and RSI crossing 40.

🔍 Final Verdict

MANYAVAR is not a strong intraday candidate today due to weak momentum, low volume, and bearish indicators. A cautious entry near support is possible, but only with clear reversal signs.

If you're interested, I can also provide a swing trade setup or compare it with peers like ABFRL or PAGEIND.

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