RHIM - IntraDay Trade Analysis

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

IntraDay Trade Rating: 3.6

RHIM shows a mildly bullish setup with positive MACD and stable RSI, but low volume and high valuation (P/E 50.5) dampen its attractiveness for aggressive intraday trading. While fundamentals are steady and debt is minimal, the recent profit dip and lackluster institutional movement call for selective intraday participation.

📊 Technical Insights

Current Price: ₹495

50 DMA: ₹480, 200 DMA: ₹498 → Hovering between short-term support and long-term resistance

MACD: +7.02 → Positive momentum but fading if volume doesn't confirm

RSI: 53.7 → Stable, but lacking strong bullish momentum

Volume: 2.84L vs Avg 8.40L → Below average; signals low conviction intraday

📈 Intraday Trading Strategy

✅ If entering fresh trade

Buy Zone: ₹491–₹494 near support from recent price action

Targets

₹498 → conservative resistance (200 DMA zone)

₹505 → optimistic exit if volume spikes and RSI climbs above 56

Stop-Loss: ₹486

🔄 If already holding

Maintain position only if price stays above ₹490

Watch for MACD slope flattening or RSI reversal below 52 for early exit cues

Partial exit near ₹498, full exit if resistance at ₹505 is tested without volume breakout

Hard exit below ₹485—signals loss of intraday momentum

🧮 Fundamental Flash

EPS: ₹9.81, P/E: 50.5 vs Industry PE: 41.2 → Overvalued unless growth re-accelerates

Debt-to-Equity: 0.09 → Ultra low leverage, solid financial footing

Profit Dip: Q-on-Q fall of ~24% → Earnings softness may deter short-term buyers

FII/DII Activity: Flat to negative → Institutional sentiment is noncommittal

RHIM has a quiet technical setup today with no major triggers. It could be a decent intraday scalp around support/resistance levels, but not ideal for momentum plays unless volume surges. Want to scan midcap industrials for more dynamic setups? Happy to chart your next trade idea 🔎📈.

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