RAINBOW - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 2.8
| Stock Code | RAINBOW | Market Cap | 11,323 Cr. | Current Price | 1,115 ₹ | High / Low | 1,646 ₹ |
| Stock P/E | 46.2 | Book Value | 156 ₹ | Dividend Yield | 0.27 % | ROCE | 18.3 % |
| ROE | 16.7 % | Face Value | 10.0 ₹ | DMA 50 | 1,270 ₹ | DMA 200 | 1,362 ₹ |
| Chg in FII Hold | -2.61 % | Chg in DII Hold | 2.03 % | PAT Qtr | 65.8 Cr. | PAT Prev Qtr | 73.2 Cr. |
| RSI | 18.9 | MACD | -47.0 | Volume | 4,56,359 | Avg Vol 1Wk | 2,09,627 |
| Low price | 1,110 ₹ | High price | 1,646 ₹ | PEG Ratio | 2.59 | Debt to equity | 0.46 |
| 52w Index | 0.76 % | Qtr Profit Var | -1.73 % | EPS | 24.2 ₹ | Industry PE | 44.0 |
📊 Analysis: RAINBOW shows weak strength for intraday trading. Current price (₹1,115) is well below both 50 DMA (₹1,270) and 200 DMA (₹1,362), reflecting strong bearish bias. RSI at 18.9 indicates oversold territory, but MACD (-47.0) confirms persistent short-term weakness. Volume is higher than weekly average, ensuring liquidity, but fundamentals are mixed with decent ROCE (18.3%) and ROE (16.7%) overshadowed by stretched valuation (P/E 46.2 vs industry 44.0, PEG 2.59). Sequential PAT decline (-1.73%) and sharp drop from 52-week highs further weaken sentiment.
💹 Optimal Buy Price: Around ₹1,110–₹1,115 (near support zone close to 52-week low).
🎯 Profit-Taking Exit Levels: ₹1,135–₹1,145 (short-term resistance zone).
🛡️ Stop-Loss / Loss Protection: ₹1,100 (below intraday support).
⏱️ If Already Holding: Consider exiting if price fails to sustain above ₹1,115 or RSI drops further below 18 intraday. If momentum improves with volume, partial profit booking near ₹1,135–₹1,145 is advisable.
Positive
- ROCE (18.3%) and ROE (16.7%) reflect decent efficiency.
- EPS of ₹24.2 supports earnings visibility.
- DII holding increased (+2.03%), showing domestic investor confidence.
- Volume significantly higher than weekly average, supporting intraday liquidity.
Limitation
- Price trading below both 50 DMA and 200 DMA, reflecting bearish trend.
- RSI extremely low (18.9), showing oversold conditions but weak reversal signals.
- MACD strongly negative (-47.0), confirming short-term weakness.
- High P/E (46.2) compared to industry average (44.0), showing overvaluation risk.
- PEG ratio (2.59) highlights expensive valuation relative to growth.
Company Negative News
- Quarterly PAT declined (₹73.2 Cr → ₹65.8 Cr).
- FII holding reduced (-2.61%), showing cautious foreign sentiment.
- Stock trading near 52-week low (Index 0.76%), reflecting weak momentum.
Company Positive News
- DII holding increased (+2.03%), reflecting domestic support.
- Strong liquidity with volume nearly 2x weekly average.
Industry
- Industry P/E at 44.0, close to RAINBOW’s P/E (46.2), showing fair alignment but stretched valuation.
- Healthcare and hospital sector outlook supported by rising demand but faces margin pressures.
Conclusion
⚠️ RAINBOW is a weak candidate for intraday trading today. While fundamentals show efficiency and strong liquidity, technicals remain bearish with price below DMA levels, negative MACD, and oversold RSI. Traders should adopt a cautious approach: Buy near ₹1,110–₹1,115, book profits around ₹1,135–₹1,145, and protect downside with stop-loss at ₹1,100.
Would you like me to also prepare a hospital sector benchmarking overlay comparing RAINBOW with peers like Apollo Hospitals and Narayana Hrudayalaya, so you can evaluate relative intraday strength within the healthcare sector?