INDGN - Swing Trade Analysis

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

Swing Trade Rating: 3.6

📉 Technical Overview

Current Price (₹549) is below both the 50 DMA (₹572) and 200 DMA (₹584) — signaling weak short-term momentum.

RSI (38.4): Close to oversold, indicating potential for a bounce if broader sentiment improves.

MACD (–7.03): Deeply negative — confirms ongoing downtrend.

Volume: Below average — market interest is low, which dampens short-term volatility play.

📊 Fundamentals & Valuation

P/E (31.7) vs Industry PE (50.6) → moderately attractive valuation.

PEG (1.06) → fair pricing relative to earnings growth.

ROCE (24.8%) & ROE (20.6%): Strong profitability metrics — reflect solid operational efficiency.

EPS (₹17.0): Indicates consistent earnings generation.

Debt to Equity (0.04): Very low leverage — financial stability is a major plus.

🏦 Institutional Activity

FII Holding Change (+4.80%) & DII (+2.24%): Significant buying — institutional confidence backing the stock.

📈 Earnings Performance

PAT Growth: ₹118 Cr vs ₹110 Cr — healthy, though not explosive.

Quarterly Profit Variation (26.3%): Shows earnings acceleration — supports medium-term optimism.

🎯 Swing Trading Strategy

📥 Entry Point: Look for entry around ₹530–₹535. Confirm RSI climbing above 42 and MACD narrowing for momentum reversal.

📤 Exit Strategy (If Holding): Target ₹570–₹580 range. This aligns with DMA resistance levels. If price gains traction above ₹585 with RSI above 60, consider trailing stop strategy and ride toward ₹600+.

🧠 Final Thoughts

INDGN shows sturdy fundamentals and strong institutional backing but is technically weak in the short-term. If sentiment shifts and momentum stabilizes, it could offer a good swing entry on a slight pullback. Tight stops and disciplined exits are key.

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