IDEA - Technical Analysis

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

Technical Rating: 2.8

Here’s a detailed technical analysis of IDEA (Vodafone Idea Ltd)

📉 Trend Overview

Current Price (₹7.19) is below both 50 DMA (₹7.27) and 200 DMA (₹8.35) — indicating short- and medium-term weakness.

RSI (45.9): Neutral zone, showing lack of momentum.

MACD (0.04): Flat, suggesting indecision or lack of trend strength.

Volume: Slightly below 1-week average, despite high absolute volume — implies low conviction.

🔎 Conclusion: The stock is consolidating with a bearish bias.

📊 Momentum Indicators

Indicator Value Signal

RSI 45.9 Neutral

MACD 0.04 Flat/Neutral

Bollinger Bands N/A Likely near mid-band

Volume Trend ↓ Weak participation

📈 Support & Resistance Zones

Type Price (₹) Strength

Support 6.90–7.00 Strong

Support 6.29 Historical low

Resistance 7.35–7.50 Moderate

Resistance 8.00–8.35 Strong

📐 Trendlines suggest a sideways channel. A breakout above ₹7.50 could trigger a move toward ₹8.35.

🎯 Entry & Exit Strategy

Entry Zone: ₹6.90–7.10 (near support)

Exit Zone: ₹7.50–8.00 (approaching resistance and 200 DMA)

🧭 Overall Outlook

Short-Term: Weak momentum, consolidation phase.

Medium-Term: Needs to reclaim ₹8.35+ to shift trend bullish.

Long-Term: Fundamentals remain challenged (negative book value, high losses, declining FII/DII holdings), limiting upside potential.

If you'd like, I can overlay this with sector trends or compare it with peers like Bharti Airtel or Reliance Jio.

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