RENUKA - IntraDay Trade Analysis with Live Signals

Last Updated Time : 05 Nov 25, 7:43 am

IntraDay Trade Rating: 2.4

📉 RENUKA shows weak momentum, negative earnings, and low volume — not ideal for intraday trading today.

📈 Optimal Trade Setup

• 💰 Buy Price: ₹28.5–₹29.0 (near short-term support)
• 📊 Profit Target: ₹30.5–₹31.0 (approaching 50 DMA)
• 🛑 Stop Loss: ₹27.5 (below recent support zone)

📤 Exit Strategy (If Already Holding)

• 📉 Momentum: RSI at 41.2 and MACD at -0.27 suggest bearish momentum — exit if price fails to hold above ₹29
• 📉 Volume: Current volume (26.3L) is below 1-week average (33.9L) — weak intraday interest
• ⏱️ Exit Timing: Consider exiting near ₹30.5 if price rebounds with volume; exit below ₹27.5 if weakness continues

✅ Positive

• 📈 Slight increase in FII holding (+0.12%)
• 📊 Price near 52-week low — potential for technical bounce

⚠️ Limitation

• 📉 RSI and MACD indicate weak momentum
• 📉 Volume is below average — poor intraday liquidity
• 📉 Book value is negative (-₹1.83) and EPS is -₹1.58

🚫 Company Negative News

• 📉 PAT dropped from ₹54.4 Cr. to -₹215 Cr. QoQ
• 📉 Decline in DII holding (-0.05%)

📢 Company Positive News

• 📈 Historical high of ₹44.4 — long-term upside potential if fundamentals improve

🏭 Industry

• 🌾 Operates in sugar and agro-processing — cyclical and policy-sensitive
• 📊 Industry PE of 14.8 — RENUKA lacks earnings to justify valuation

🧾 Conclusion

• ⚠️ RENUKA is not a strong intraday candidate today due to weak momentum and negative earnings
• 📉 Avoid aggressive trades unless volume and price action improve significantly
• 📊 Better suited for long-term turnaround watchlist than short-term scalping

I can also help you screen other sugar sector stocks showing stronger intraday momentum and volume today.