RENUKA - IntraDay Trade Analysis with Live Signals

Last Updated Time : 19 Sept 25, 2:16 pm

IntraDay Trade Rating: 3.4

📊 Intraday Trading Analysis for RENUKA

✅ Short-Term Positives

Volume Surge: Current volume (2.04 Cr) is over 3x the 1-week average (65.1L), indicating strong intraday interest and liquidity.

Momentum Indicators: RSI at 60.2 and MACD at 0.41 suggest mild bullish momentum, with potential for continuation.

Price Above 50-DMA: Trading above 50-DMA (₹30.8), which may act as intraday support.

⚠️ Major Risks

Negative EPS (-₹1.58) and Loss in PAT (-₹215 Cr): Indicates deteriorating fundamentals and weak earnings visibility.

Book Value Negative (-₹1.83): Reflects balance sheet stress.

No P/E or PEG Ratio: Suggests valuation metrics are unreliable due to losses.

FII Outflow (-0.09%): Slight decline in foreign holding signals cautious institutional stance.

High Volatility: 52-week high/low range (₹24.7–₹56.5) shows wide price swings, which can be risky intraday.

🎯 Intraday Trade Plan

📌 Optimal Buy Price

Buy Zone: ₹31.5–₹32.0 (near current price, with confirmation from volume and price action)

📈 Profit-Taking Levels

Target 1: ₹33.2 (approaching 200-DMA resistance)

Target 2: ₹34.5–₹35.0 (momentum breakout zone if volume sustains)

📉 Stop-Loss / Loss Protection

Stop-Loss: ₹30.2 (below 50-DMA and volume pivot)

⏱️ If Already Holding Today

🔄 Exit Signals

RSI Drop Below 57: Indicates weakening momentum.

MACD Turns Negative: Suggests bearish crossover.

Price Rejection at ₹33.2: If price fails to hold above 200-DMA after multiple attempts.

This setup favors short-term scalping with tight risk control. Given the weak fundamentals, it's best suited for momentum-driven trades rather than conviction-based positions. Let me know if you'd like a live chart overlay or volume tracker to monitor this in real time.

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