TECHNOE - IntraDay Trade Analysis

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

📊 IntraDay Trade Rating: 3.1

Techno Electric & Engineering (TECHNOE) presents a mixed-to-weak setup for intraday trading today. Here's a breakdown of the analysis

⚙️ Technical Snapshot

Indicator Value Signal

RSI 43.7 Neutral to weak

MACD -12.8 Bearish crossover

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Volume 1.62 lakh Below average (1.79 lakh)

Price vs DMA Near 50 DMA (₹1,458), above 200 DMA (₹1,316) Neutral

ADX ~20 Weak trend strength

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Stochastic RSI Bullish Oversold bounce possible

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Parabolic SAR Bearish Downtrend confirmation

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📈 Intraday Trade Setup

✅ If Considering Entry

Optimal Buy Zone: ₹1,445–₹1,455 (near support and mean reversion levels)

Profit Targets

Conservative: ₹1,470

Aggressive: ₹1,495–₹1,510 (if momentum improves)

Stop Loss: ₹1,435 (below recent intraday support)

🕒 If Already Holding

Watch for price action near ₹1,470–₹1,495 — consider exiting if momentum stalls there.

If price drops below ₹1,440 with rising volume, exit immediately to avoid deeper losses.

Momentum indicators suggest no strong upside, so book profits early if any bounce occurs.

🧠 Final Verdict

TECHNOE is not ideal for aggressive intraday trading today due to

Weak momentum

Bearish MACD and SAR

Low volume

Neutral RSI

However, if you're a range-bound scalper, there may be a short opportunity between ₹1,445–₹1,470.

Would you like a list of stronger intraday candidates based on volume and momentum?

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justticks.in

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www.topstockresearch.com

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