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⚠ Disclaimer: This report is generated using AI tools and is for informational purposes only. It does not constitute investment advice. Please consult a registered financial advisor before making any investment decisions.

SKFINDIA - IntraDay Trade Analysis

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

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IntraDay Trade Rating: 4.1

SKF India is showing a resilient setup backed by strong quarterly profits, low debt, and proximity to its short-term support levels. However, today's low volume and RSI near neutral suggest cautious optimism rather than unbridled momentum.

📈 Technical Snapshot

CMP: ₹4,842 — Above both DMA50 (₹4,723) and DMA200 (₹4,562) → bullish alignment

RSI: 49.2 — Neutral; slightly below ideal intraday trigger zone (>52)

MACD: 47.4 — Strongly positive, hinting at upward bias

Volume: 22.8K vs 1Wk Avg: 30K — Slight dip in activity, needs boost to confirm breakout

🎯 Intraday Trade Strategy

✅ If initiating a fresh trade

Buy Zone: ₹4,830–₹4,845 (on bullish price action, RSI pushing above 50)

Targets

₹4,875–₹4,890 → Minor resistance test

₹4,940–₹4,980 → Aggressive scalp zone if volume accelerates and RSI pushes 52+

Stop-Loss: ₹4,805

🔄 If already holding

Hold if price sustains above ₹4,830 and MACD maintains strength

Partial Exit: ₹4,875 if momentum stalls or RSI flattens

Full Exit: ₹4,940–₹4,980 if MACD tops out or price forms bearish divergence

Hard Stop: ₹4,805 if volume declines sharply or red candles dominate

🧠 Fundamentals Driving Intraday Sentiment

Metric Value Insight

ROCE / ROE 28.8% / 21.4% High capital efficiency → supports bullish bias

EPS ₹114 Earnings strength justifies momentum

Debt-to-Equity 0.00 Zero debt → less pressure from interest or liquidity

PAT QoQ ₹203 Cr vs ₹110 Cr Strong growth → sentiment boost

P/E vs Industry 42.3 vs 49.0 Slightly undervalued relative to peers

PEG Ratio 3.32 High → might signal premium pricing

⚠️ Key Intraday Watchpoints

Volume confirmation is crucial for breakout trades—watch for >28K surge

RSI above 52 needed for confident momentum trades

MACD flattening or divergence could be early exit signals

Institutional flows show mild net outflows; not a tailwind today

A solid technical and fundamental base makes this stock viable for disciplined intraday trades—with quick exits on signs of reversal. If you want, I can help you scan for similar momentum-backed trades in midcap industrials or recommend names with sharper RSI-MACD confluence 💡.

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