POONAWALLA - IntraDay Trade Analysis

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

IntraDay Trade Rating: 2.7

POONAWALLA shows signs of bearish sentiment with weak momentum and declining fundamentals, making it a risk-heavy candidate for intraday trades today. Here's a detailed breakdown to help you play defense and avoid getting trapped in volatility

🚨 Technical & Momentum Highlights

RSI: 35.0 → Oversold territory, but not showing reversal strength yet.

MACD: -3.53 → Bearish crossover with negative divergence—momentum remains weak.

Volume: 39L vs Avg 47L → Lower than average, which suggests a lack of active interest today.

📉 Trend & Price Structure

Current Price: ₹416

Trading below DMA 50 (₹430) → Short-term bearish.

Still above DMA 200 (₹388) → Medium-term bullish undertone, but fading fast.

Support Zones: ₹408–₹410

Resistance Levels: ₹423 and ₹430

🛒 Intraday Trade Strategy

⚠️ If initiating a trade

Avoid buying aggressively unless RSI shows reversal with volume crossing 45L

Aggressive Entry (Reversal Trade): ₹410–₹412 (only if price stabilizes and RSI upticks)

Profit Booking Zones: ₹423 (near resistance), ₹430 (strong resistance at DMA 50)

Stop-Loss: ₹404 to avoid breakdown spiral

🧭 If already holding today

Exit Strategy

Watch if price struggles near ₹420 without MACD improvement

Exit near ₹423 if RSI fails to cross 40 and volume fades

If price breaks below ₹408 with rising volume, cut position quickly to protect downside

⚠️ Fundamental Watchouts

EPS: -₹4.21, ROE: -1.28%, and High Debt/Equity: 3.19 → Significantly weak metrics

Quarterly profit stable but very low (₹62.6 Cr.) + huge profit drop from previous year

No PEG Ratio or P/E available, likely due to negative earnings → investor caution warranted

📢 Final Note

This stock is under stress from both technical and fundamental angles. Only attempt tactical intraday positions on strong reversal signals. Otherwise, it's wiser to wait out the weakness or focus on stronger setups.

Want help scanning 2–3 momentum stocks today? Let’s find where the smart money is flowing. 📊💡

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