POLYMED - IntraDay Trade Analysis

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

IntraDay Trade Rating: 2.7

POLYMED is currently sitting in a technically weak zone despite healthy long-term fundamentals. Low momentum and relative strength, coupled with minimal volume movement, suggest it’s not a prime intraday candidate today—unless a sharp reversal is confirmed.

📊 Technical Pulse

RSI: 28.6 → Deep oversold territory; bounce possible but no confirmation yet.

MACD: -58.4 → Strong bearish momentum remains intact.

Volume: 85K vs Avg 79K → Slightly above average, but still low for intraday confidence.

📈 Trend Snapshot

Current Price: ₹1,977

Trading below DMA 50 (₹2,192) and DMA 200 (₹2,267) → Downtrend.

52w Index: 12.0% → Significant weakness compared to annual highs.

Range: ₹1,788 – ₹3,358 → Price hovering near support zone.

🧭 Intraday Trade Plan

✅ New Trade Entry

Buy Zone: ₹1,960–₹1,975, if RSI ticks up above 32 and MACD begins flattening

Targets

₹1,995 → initial resistance

₹2,020 → breakout level if volume increases past 1L

Stop-Loss: ₹1,945

🔁 If Already Holding Today

Hold Strategy

Stay in trade if price holds above ₹1,970 with RSI rising toward 32+

Exit Strategy

Exit around ₹1,990 if RSI remains flat or MACD widens negatively

Breakout above ₹2,000 → trail stop-loss to ₹1,975 and target ₹2,020

⚠️ Risk Flags

Weak Momentum: Oversold RSI and negative MACD dominate the intraday tone.

Valuation Risk: P/E of 59.1 vs industry 35.8 → may trigger cautious trading.

Institutional Sentiment: Both FII and DII slightly reducing stakes.

52W Lag: Near annual lows, indicating poor relative strength.

If you're scanning for trades with tighter risk-to-reward setups or clearer volume confirmation, I can help you pivot to better candidates in the healthcare or mid-cap space. Let’s turn this into something actionable 📈🔎.

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