MEDANTA - IntraDay Trade Analysis
Last Updated Time : 02 Aug 25, 12:58 am
Back to IntraDay Trade List📈 Intraday Trade Analysis – Global Health Ltd. (MEDANTA) IntraDay Trade Rating: 3.7
MEDANTA is showing moderate bullish strength for intraday action. Its technical momentum is decent, but not explosive. Indicators like RSI and MACD support a continuation trade with cautious upside, especially given its tight volume behavior and lack of dividends. While fundamentals are healthy (ROCE/ROE), the elevated P/E implies valuation is stretched — making today a technical-driven rather than value-driven play.
🔍 Technical Snapshot
RSI (62.9) → Mild bullish bias; still below the overbought threshold (70).
MACD (36.3) → Positive slope, signaling upward momentum continuation.
Volume (3.33L vs Avg 3.50L) → Slightly below average; suggests lukewarm enthusiasm.
Price above DMA50 (₹1,246) & DMA200 (₹1,183) → Bullish breakout zone sustained.
Price close to recent high (₹1,393) → Possible resistance ahead.
💸 Intraday Trade Setup
📌 Trade Component Suggested Levels (₹)
Buy Zone ₹1,325 – ₹1,331
Profit Target ₹1,345 – ₹1,360
Stop-Loss Level Below ₹1,318
📍 Entry near ₹1,325 is favored if price consolidates and reverses on rising volume. Look for green candles and MACD expansion as confirmation.
⏱ If You're Already Holding Today
Exit for Profit
Target zone: ₹1,345–₹1,360.
Exit if RSI rises toward 68 and volume approaches or exceeds 3.7L.
Watch for MACD slope steepening with bullish crossover candles.
Protect Against Loss
Exit below ₹1,318 if RSI drops under 60 and MACD flattens.
Look for red candles forming near key moving average levels (DMA50).
🧠 Final Thought
MEDANTA isn’t screaming "breakout," but it has potential for controlled intraday scalps if you’re fast on execution and exit. If momentum builds later in the day with volume resurgence, it could nudge toward its recent high. Just don’t let a slow start lull you into a late trap.
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