PIDILITIND - IntraDay Trade Analysis

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

IntraDay Trade Rating: 2.6

PIDILITIND has impressive long-term fundamentals, but its current technical setup doesn't support a high-confidence intraday trade. Momentum is weak, volume is below average, and price action favors caution.

📉 Technical Overview

RSI: 34.1 → Near oversold territory, but no strong sign of reversal.

MACD: -37.2 → Negative trend persists, confirming bearish momentum.

Volume: 1.67L vs Avg 2.63L → Light participation = low liquidity for scalping.

📊 Price Action & Trend

Current Price: ₹2,893

Trading below both DMA 50 (₹2,989) and DMA 200 (₹2,973) → Trend is weak.

52w Index: 34.3% → Trading far off yearly highs; low relative strength.

Recent Range: ₹2,620 – ₹3,415 → Current price closer to support.

💡 Intraday Trade Plan

✅ If initiating a new trade

Buy Zone: ₹2,875–₹2,885 (only if RSI climbs >36 and volume exceeds 2L)

Profit Booking Levels

₹2,920 → short-term ceiling

₹2,950 → stronger resistance if momentum improves

Stop-Loss: ₹2,860

🔁 If already holding

Hold Strategy

Stay in trade if price holds above ₹2,885 and RSI ticks up to 38+

Exit Criteria

Exit near ₹2,910–₹2,920 if volume remains low and MACD doesn't flatten

On breakout above ₹2,925, trail SL to ₹2,890 and ride momentum up to ₹2,950

⚠️ Key Watchpoints

Valuation Risk: P/E of 70.3 vs industry 34.4 → may limit upside intraday.

Institutional Flow: Minor FII increase, slight DII reduction → neutral stance.

PEG Ratio: 3.53 → Expensive on growth-adjusted basis; not favorable for short-term pops.

Want to compare PIDILITIND with other industrial or chemical sector names showing stronger intraday liquidity and momentum? I’ve got some high-volatility candidates ready to screen ⚡📈. Let’s turn this into tactical opportunity.

Edit in a page