TECHM - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.8
| Stock Code | TECHM | Market Cap | 1,35,761 Cr. | Current Price | 1,386 ₹ | High / Low | 1,854 ₹ |
| Stock P/E | 32.3 | Book Value | 221 ₹ | Dividend Yield | 3.25 % | ROCE | 18.2 % |
| ROE | 14.0 % | Face Value | 5.00 ₹ | DMA 50 | 1,475 ₹ | DMA 200 | 1,523 ₹ |
| Chg in FII Hold | -2.66 % | Chg in DII Hold | 3.15 % | PAT Qtr | 1,139 Cr. | PAT Prev Qtr | 1,176 Cr. |
| RSI | 42.2 | MACD | -54.6 | Volume | 30,64,704 | Avg Vol 1Wk | 22,29,827 |
| Low price | 1,209 ₹ | High price | 1,854 ₹ | PEG Ratio | -2.29 | Debt to equity | 0.05 |
| 52w Index | 27.4 % | Qtr Profit Var | 32.7 % | EPS | 41.1 ₹ | Industry PE | 20.9 |
📊 Analysis: TECHM shows moderate potential for intraday trading today. RSI at 42.2 indicates neutral-to-weak momentum, while MACD (-54.6) is strongly bearish. Volume (30.6 lakh) is higher than the 1-week average (22.3 lakh), suggesting active participation. The stock is trading below both 50 DMA (1,475 ₹) and 200 DMA (1,523 ₹), reflecting short-term weakness despite strong fundamentals.
💹 Optimal Buy Price: 1,360–1,375 ₹ (near support zone above 1,209 ₹ low).
🎯 Profit-Taking Levels: 1,410 ₹ (first resistance), 1,450 ₹ (DMA 50, strong resistance).
🛑 Stop-Loss: 1,340 ₹ (protective support).
📈 If Already Holding: Exit intraday if price fails to sustain above 1,370 ₹ with weakening volume or if momentum indicators deteriorate further. Protective exit below 1,340 ₹. Book partial profits near 1,410–1,450 ₹ if momentum sustains.
Positive
- Strong fundamentals: EPS at 41.1 ₹, ROE 14%, ROCE 18.2%.
- Dividend yield of 3.25% provides investor confidence.
- Quarterly profit variation improved by 32.7%.
- DII holdings increased significantly (+3.15%).
Limitation
- Stock trades below both 50 DMA and 200 DMA.
- MACD strongly negative (-54.6), limiting bullish confirmation.
- PEG ratio is negative (-2.29), raising valuation concerns.
Company Negative News
- FII holdings decreased (-2.66%), showing reduced foreign investor confidence.
- Sequential PAT declined slightly (1,139 Cr. vs 1,176 Cr.).
Company Positive News
- Strong dividend yield and consistent profitability.
- DII support increased, reflecting domestic institutional confidence.
Industry
- Industry PE at 20.9, while TECHM trades at 32.3, indicating premium valuation.
- IT sector remains resilient with long-term growth prospects, though short-term momentum is weak.
Conclusion
⚖️ TECHM earns a moderate intraday rating (3.8). Strong fundamentals and dividend yield are positives, but bearish technicals and premium valuation limit upside. Best strategy: Buy near 1,360–1,375 ₹, target 1,410–1,450 ₹, and protect downside at 1,340 ₹. Intraday traders should remain cautious and book profits quickly.
Selva, would you like me to prepare a peer benchmarking overlay comparing TECHM against Infosys, TCS, and Wipro? That way, you’ll see if intraday capital rotation favors TECHM or if stronger setups exist among its IT peers.