PATANJALI - IntraDay Trade Analysis

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

IntraDay Trade Rating: 3.9

PATANJALI is in a technically strong zone today, supported by bullish momentum indicators. While volume is slightly below average, the price action is aligned with a positive intraday bias.

📈 Technical Snapshot

RSI: 65.9 → Bullish; approaching overbought, so monitor for potential reversal.

MACD: +59.7 → Strong momentum in the upward direction.

Volume: 8.32L vs Avg 14.25L → Slightly underwhelming; may limit sharp intraday moves unless volume picks up.

📊 Price Action & Trend Zones

Current Price: ₹1,887

Trading well above DMA 50 (₹1,769) and DMA 200 (₹1,755) → Bullish setup confirmed.

Support Levels: ₹1,860 and ₹1,820

Resistance Levels: ₹1,905 and ₹1,930

🧠 Intraday Trade Plan

✅ If initiating a new position

Optimal Buy Price: ₹1,875–₹1,885 (on a dip to support with RSI sustaining >65)

Profit Booking Zones

₹1,905 → initial resistance

₹1,930 → if volume exceeds 12L and RSI crosses 68

Stop-Loss: ₹1,860

🔁 If already holding

Hold Strategy

Maintain position if price holds above ₹1,885 and RSI stays >65

Watch for momentum continuation through MACD expansion

Exit Criteria

Exit if price stalls below ₹1,905 and RSI dips below 63

On breakout above ₹1,910, trail stop-loss to ₹1,880 and target ₹1,930

⚠️ Risk Watch

Volume Lag → If it doesn't recover, upside may be constrained

Missing ROCE & ROE Data → Lack of efficiency metrics limits confidence in fundamentals

FII Holding down (-0.43%), though DII accumulation (+2.51%) shows some domestic institutional interest

If you'd like help tracking live volume spikes or pairing PATANJALI with other momentum-driven tickers for the session, I can set that radar up for you. Let's build a nimble trade sheet 🔎📊.

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