ROUTE - IntraDay Trade Analysis

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

IntraDay Trade Rating: 2.4

ROUTE looks technically weak for intraday trading at present. Despite decent fundamentals and low debt, the setup is dominated by bearish indicators. Low RSI, declining profit trend, and MACD deep in negative territory suggest that it’s best approached with defensive caution or avoided for directional bets today.

📉 Technical Snapshot

Current Price: ₹910

Well below DMA50 (₹982) and DMA200 (₹1,137) → clear downtrend

RSI: 30.5 → Oversold, but no bounce signal yet

MACD: -22.6 → Strong bearish bias; no signs of reversal

Volume: 75.9K vs Avg 82.6K → Below average participation → low intraday liquidity

🎯 Intraday Trade Strategy

✅ If entering fresh trade

Buy Zone: ₹900–₹906 only if there are bullish candles + RSI crosses 33

Profit Booking Targets

₹920 (minor scalp)

₹935–₹940 (only if volume rises >90K and MACD flattens)

Stop-Loss: ₹890

🔄 If already holding intraday

Hold if price stays above ₹906 and RSI begins trending upward

Partial Exit at ₹920 if MACD continues declining or candles show rejection

Full Exit near ₹940 if price shows resistance and volume plateaus

Emergency Exit below ₹890 with red volume spike

📊 Fundamental Highlights

Metric Value Commentary

EPS ₹46.6 Respectable, supports valuation

P/E vs Industry 18.7 vs 28.7 Undervalued on earnings multiple

ROE / ROCE 14.5% / 17.7% Strong capital efficiency

Profit Variation -32.2% Earnings dip may impact sentiment

Debt/Equity 0.19 Financially sound

FII/DII Activity Net negative Institutional disinterest → weak support

⚠️ Why Trade with Caution

Technical breakdown below key DMAs and oversold RSI zone

Weak institutional flow and profit contraction

Volume doesn’t confirm strong moves yet

This stock might appeal to contrarian scalpers looking for bounce trades, but without momentum confirmation, the odds favor a wait-and-watch approach. Want help finding peers with stronger RSI setups or volume-driven patterns today? I can scan a few for you 📈🔎.

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