TECHNOE - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 4.1
| Stock Code | TECHNOE | Market Cap | 13,135 Cr. | Current Price | 1,130 ₹ | High / Low | 1,655 ₹ |
| Stock P/E | 26.0 | Book Value | 336 ₹ | Dividend Yield | 0.80 % | ROCE | 16.6 % |
| ROE | 12.9 % | Face Value | 2.00 ₹ | DMA 50 | 1,097 ₹ | DMA 200 | 1,197 ₹ |
| Chg in FII Hold | -0.69 % | Chg in DII Hold | 0.43 % | PAT Qtr | 152 Cr. | PAT Prev Qtr | 123 Cr. |
| RSI | 54.8 | MACD | 6.14 | Volume | 2,80,818 | Avg Vol 1Wk | 2,81,920 |
| Low price | 785 ₹ | High price | 1,655 ₹ | PEG Ratio | 1.89 | Debt to equity | 0.01 |
| 52w Index | 39.6 % | Qtr Profit Var | 45.2 % | EPS | 45.7 ₹ | Industry PE | 15.2 |
📊 Analysis: TECHNOE shows good potential for intraday trading today. RSI at 54.8 indicates mild bullish momentum, while MACD (6.14) is positive, confirming upward bias. Volume (2.80 lakh) is in line with the 1-week average, showing stable participation. The stock is trading above its 50 DMA (1,097 ₹) but slightly below 200 DMA (1,197 ₹), reflecting short-term strength with medium-term caution.
💹 Optimal Buy Price: 1,120–1,130 ₹ (near current support zone).
🎯 Profit-Taking Levels: 1,155 ₹ (first resistance), 1,190–1,200 ₹ (DMA 200, strong resistance).
🛑 Stop-Loss: 1,105 ₹ (protective support).
📈 If Already Holding: Exit intraday if price fails to sustain above 1,120 ₹ with weakening momentum or volume. Protective exit below 1,105 ₹. Book partial profits near 1,155–1,190 ₹ if momentum sustains.
Positive
- Strong fundamentals: EPS at 45.7 ₹, ROE 12.9%, ROCE 16.6%.
- MACD positive (6.14), confirming bullish bias.
- Quarterly profit growth of 45.2% (PAT 152 Cr. vs 123 Cr.).
- DII holdings increased (+0.43%), showing domestic institutional support.
- PEG ratio at 1.89 indicates reasonable growth-adjusted valuation.
Limitation
- Stock trades below 200 DMA (1,197 ₹), showing medium-term weakness.
- FII holdings decreased (-0.69%), reflecting reduced foreign investor confidence.
- Dividend yield is modest at 0.80% compared to peers.
Company Negative News
- FII reduction signals cautious foreign sentiment.
- Stock still below long-term average (200 DMA), limiting upside momentum.
Company Positive News
- Strong quarterly profit growth and consistent EPS performance.
- DII support increased, reflecting domestic confidence.
- Low debt-to-equity (0.01) ensures financial stability.
Industry
- Industry PE at 15.2, while TECHNOE trades at 26.0, indicating premium valuation.
- Sector shows resilience with strong growth prospects, though valuations are stretched.
Conclusion
⚖️ TECHNOE earns a strong intraday rating (4.1). Positive MACD, strong fundamentals, and quarterly profit growth support bullish bias. Best strategy: Buy near 1,120–1,130 ₹, target 1,155–1,190 ₹, and protect downside at 1,105 ₹. Intraday traders can consider quick profit booking near resistance levels while maintaining caution around 200 DMA.
Selva, since TECHNOE is showing stronger intraday signals than TECHM, would you like me to prepare a basket overlay comparing TECHNOE, TECHM, Infosys, and TCS? That way, you’ll see if intraday capital rotation favors TECHNOE or if peers offer better setups.