SAREGAMA - IntraDay Trade Analysis

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

📊 Intraday Trade Rating for SAREGAMA: 2.9

Saregama India Ltd. currently presents a weak technical setup for intraday trading, with bearish momentum and low volume participation. Here's a detailed breakdown

🔍 Technical & Momentum Indicators

RSI (39.1): Bearish zone, indicating oversold conditions but no clear reversal yet.

MACD (-8.07): Strong bearish crossover, suggesting downward momentum.

Volume (1.31L vs Avg 1.49L): Below average, showing lack of trader interest.

Price Action: Trading below both 50 DMA (₹508) and 200 DMA (₹510) — a bearish signal.

📈 Buy Price & Exit Levels

Optimal Buy Zone: ₹472–₹476 (only if price stabilizes near support and MACD flattens)

Profit-Taking Targets

Target 1: ₹486.50

Target 2: ₹492.80

Target 3: ₹498.00 (if momentum improves)

Stop Loss: ₹468.20 (below recent support and VWAP)

🕒 If You Already Hold SAREGAMA Intraday

Exit on Weakness

If price breaks below ₹470 with volume spike and RSI dips below 37.

MACD widening negatively confirms bearish continuation.

Exit on Strength

Trail stop-loss upward if price sustains above ₹486.50 with rising volume and RSI > 45.

Watch for breakout above ₹492.80 for extended move.

Reversal Signs

Bullish divergence in RSI or MACD flattening near support zone.

⚠️ Key Observations

High P/E (46.2) vs Industry PE (35.2) suggests premium valuation.

PEG Ratio (4.80) indicates overvaluation relative to growth.

Quarterly Profit Decline and weak EPS (₹10.6) signal earnings pressure.

ROCE (18%) & ROE (13.1%) are decent, but not enough to offset technical weakness.

Zero debt is a positive, but not a driver for intraday momentum.

52w Index (23.3%) shows significant underperformance.

This stock may appeal to contrarian traders looking for a bounce, but it’s not ideal for momentum-based intraday strategies unless a clear reversal emerges. Want help tracking VWAP or setting alerts for breakout levels?

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