TECHNOE - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.5
| Stock Code | TECHNOE | Market Cap | 12,356 Cr. | Current Price | 1,062 ₹ | High / Low | 1,655 ₹ |
| Stock P/E | 26.9 | Book Value | 336 ₹ | Dividend Yield | 0.85 % | ROCE | 16.6 % |
| ROE | 12.9 % | Face Value | 2.00 ₹ | DMA 50 | 1,061 ₹ | DMA 200 | 1,226 ₹ |
| Chg in FII Hold | -0.69 % | Chg in DII Hold | 0.43 % | PAT Qtr | 123 Cr. | PAT Prev Qtr | 98.2 Cr. |
| RSI | 60.2 | MACD | -15.2 | Volume | 1,55,149 | Avg Vol 1Wk | 3,93,898 |
| Low price | 785 ₹ | High price | 1,655 ₹ | PEG Ratio | 1.96 | Debt to equity | 0.01 |
| 52w Index | 31.8 % | Qtr Profit Var | 36.6 % | EPS | 41.6 ₹ | Industry PE | 17.4 |
📊 Analysis: TECHNOE shows mixed signals for intraday trading. Current price (₹1,062) is just above the 50 DMA (₹1,061) but below the 200 DMA (₹1,226), reflecting short-term support but medium-term weakness. RSI at 60.2 suggests mild bullish momentum, yet MACD (-15.2) indicates bearish divergence. Volume (1.55L vs avg 3.93L) is lower than average, limiting intraday strength despite recent profit growth.
💰 Optimal Buy Price: ₹1,060–1,065 if price sustains above 50 DMA.
📈 Profit-Taking Levels: First exit near ₹1,080, extended target ₹1,095.
📉 Stop-Loss: ₹1,050 to protect against downside risk.
⏱️ If Already Holding: Exit intraday if price fails to hold above ₹1,060 or momentum weakens near resistance zones (₹1,080–1,095). Watch for RSI dropping below 55 or volume drying up as exit signals.
Positive
- EPS at ₹41.6 indicates strong earnings capacity.
- Quarterly profit growth of 36.6% shows improving performance.
- Low debt-to-equity (0.01) ensures financial stability.
- Book value of ₹336 provides strong asset backing.
Limitation
- Stock P/E (26.9) is higher than industry average (17.4), suggesting premium valuation.
- MACD negative (-15.2) reflects bearish divergence.
- Volume significantly below average, limiting intraday momentum.
- Price trading below 200 DMA indicates medium-term weakness.
Company Negative News
- Decline in FII holding (-0.69%) shows reduced foreign investor confidence.
Company Positive News
- PAT improved (₹123 Cr vs ₹98.2 Cr previous quarter).
- DII holdings increased (+0.43%), reflecting domestic institutional support.
Industry
- Industry PE at 17.4 indicates sector is moderately valued compared to TECHNOE’s premium.
- Engineering and technology sector remains in demand with growth opportunities.
Conclusion
⚖️ TECHNOE is a moderate candidate for intraday trading. Entry near ₹1,060–1,065 with exit around ₹1,080–1,095 offers limited upside. Traders should remain cautious due to weak MACD and low volume, but strong fundamentals and recent profit growth provide short-term opportunities.