RENUKA - IntraDay Trade Analysis

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

📊 Intraday Trade Analysis for RENUKA (Shree Renuka Sugars Ltd.)

🔍 Trade Rating

Rating: 2.9

This reflects a cautious-to-weak outlook for intraday trading due to bearish technicals, valuation concerns, and low price momentum.

📈 Technical Snapshot

Current Price: ₹30.7

RSI (37.3): Approaching oversold — weak momentum

MACD (-0.48): Bearish crossover — signals downward pressure

Volume: Slightly above weekly average — but not confirming strength

DMA 50 / 200: Price trading below both — bearish trend

Book Value (-₹7.87): Negative — indicates financial stress

EPS (-₹1.41): Negative earnings — weak fundamentals

🛒 Optimal Buy Price (Intraday)

Buy Zone: ₹30.2–₹30.5

Only consider entry if price stabilizes above ₹30.2 with rising volume

Avoid buying if price dips below ₹30.0 — risk of breakdown

🎯 Exit Levels

Strategy Target Price Stop Loss

Conservative Profit ₹31.2 ₹29.8

Aggressive Profit ₹31.6–₹32.0 ₹29.5

Trailing Stop Strategy: If price crosses ₹31.2 with volume, trail stop-loss upward by ₹0.5 increments

🕒 If Already Holding Today

Exit Signal: If price fails to hold ₹30.0 or RSI drops below 35

Momentum Watch

Exit near ₹31.2 if MACD remains negative or volume fades

Hold only if price breaks ₹31.5 with RSI > 45 and volume surge

⚠️ Risk Factors

Negative EPS & Book Value: Indicates poor profitability and asset erosion

MACD & RSI: Both suggest weak momentum

52W Index (18.9%): Far from highs — limited bullish sentiment

Quarterly Profit Spike: While PAT improved, sustainability is uncertain

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