TECHNOE - IntraDay Trade Analysis with Live Signals

Last Updated Time : 19 Sept 25, 2:16 pm

IntraDay Trade Rating: 2.7

Techno Electric & Engineering (TECHNOE) currently shows a weak setup for intraday trading. Here's a breakdown of the technical and momentum indicators

⚠️ Intraday Trade Analysis

🔻 Bearish Indicators

MACD: Negative at -10.5, indicating bearish momentum.

RSI: At 41.2, suggesting weak strength and no clear reversal signal.

Volume Drop: Current volume (1.64 lakh) is below the 1-week average (2.31 lakh), showing low participation.

Price Below 50-DMA: Trading at ₹1,431, below 50-DMA (₹1,471), signaling short-term weakness.

FII & DII Holding Decline: Both foreign and domestic institutional investors have reduced their stake — a sentiment red flag.

✅ Supportive Factors

Price Above 200-DMA: ₹1,431 > ₹1,362, indicating long-term support.

Zero Debt: Financially sound, but not a momentum driver for intraday.

Strong EPS & ROCE: Fundamentally solid, but not enough to offset weak technicals.

🎯 Intraday Strategy

📌 Optimal Buy Price

Avoid Buying unless price reclaims ₹1,445–₹1,450 with volume >2 lakh and RSI >45.

💰 Profit-Taking Levels

Target 1: ₹1,460 (minor resistance)

Target 2: ₹1,470 (near 50-DMA)

🛡️ Stop-Loss

Exit Below: ₹1,420 (recent support zone)

🕒 If Already Holding Today

📌 Exit Triggers

MACD Worsens: If MACD dips further or histogram expands negatively.

Volume Fades: If volume stays below 2 lakh by mid-session.

Price Rejection at ₹1,445–₹1,450: If price fails to break this zone, consider exiting.

RSI Drops Below 40: Confirms weakening momentum.

This setup is better suited for cautious observation than active trading. If you're looking for stronger intraday candidates, I can help screen based on volume, volatility, and breakout potential.

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