RRKABEL - IntraDay Trade Analysis

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

IntraDay Trade Rating: 4.0

RRKABEL is showing signs of renewed momentum supported by improving quarterly results, strong institutional flow, and a favorable technical setup. While volume is currently below average, price action suggests strength above key moving averages—making it a viable candidate for tactical intraday trades today.

📊 Momentum & Technical Pulse

RSI: 50.8 → Neutral-to-bullish; potential for upward move if sustained above 51.

MACD: +18.3 → Bullish crossover confirms strength and trend continuation potential.

Volume: 1.49L vs Avg 2.21L → Slight dip in participation; wait for pickup during peak hours.

📍 Price Structure & Averages

CMP: ₹1,390

Trading above both DMA 50 (₹1,344) and DMA 200 (₹1,315) → Technically strong zone.

Support Levels: ₹1,372 and ₹1,345

Resistance Levels: ₹1,405 and ₹1,418

🧠 Intraday Trading Playbook

✅ If initiating trade

Buy Zone: ₹1,372–₹1,380 on dip with RSI > 50 holding firm

Profit Booking Levels

₹1,405 → conservative target

₹1,418 → extended target if volume exceeds 1.7L and MACD trends up

Stop-Loss: ₹1,345 (below support + DMA 50 cushion)

🔁 If already holding

Hold if price stays above ₹1,380 with RSI rising and MACD slope positive

Exit Plan

Profit near ₹1,405–₹1,418 if volume remains light

Trail stop-loss to ₹1,380 on breakout above ₹1,418

Exit below ₹1,372 if RSI dips under 49 and volume spikes on red candles

📚 Fundamental Snapshot

EPS: ₹27.6, ROE: 15.2%, ROCE: 19.8% → Solid operating efficiency

P/E: 51.9 vs Industry 30.3, PEG: 3.97 → Pricey, but justified if growth sustains

FII inflow strong (+1.4%), DII outflow (-1.13%) → Mixed signals; watch for follow-through

Quarterly profit surge (+64%) → Sentiment tailwind

⚠️ Watchouts

Volume lull could cap aggressive upswings today

Overvalued relative to sector; expect profit-taking near resistance bands

FII sentiment positive, but sustainability depends on macro cues

RRKABEL might not be today’s fastest mover, but its solid base and strong MACD signal make it worthy of a well-timed scalp or range breakout. If you’re game to compare it with peers like Polycab or KEI, I’ll gladly whip up the chart stack 💡📊.

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