IDEA - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.8
| Stock Code | IDEA | Market Cap | 1,48,863 Cr. | Current Price | 13.7 ₹ | High / Low | 14.0 ₹ |
| Book Value | -3.26 ₹ | Dividend Yield | 0.00 % | ROCE | -1.81 % | ROE | % |
| Face Value | 10.0 ₹ | DMA 50 | 11.0 ₹ | DMA 200 | 10.0 ₹ | Chg in FII Hold | -0.43 % |
| Chg in DII Hold | 0.60 % | PAT Qtr | -5,466 Cr. | PAT Prev Qtr | -6,406 Cr. | RSI | 83.6 |
| MACD | 1.03 | Volume | 80,41,77,616 | Avg Vol 1Wk | 1,12,10,62,095 | Low price | 6.12 ₹ |
| High price | 14.0 ₹ | 52w Index | 96.8 % | Qtr Profit Var | 24.8 % | EPS | 3.18 ₹ |
| Industry PE | 44.1 |
📊 Chart Patterns & Trend: IDEA is trading well above its 50 DMA (11.0 ₹) and 200 DMA (10.0 ₹), showing strong bullish momentum. Price action indicates an uptrend with consolidation near the 14.0 ₹ high. Trend bias remains positive but overextended.
📈 Moving Averages: Current price (13.7 ₹) is above both DMA levels, reinforcing bullish momentum. Sustained trading above 13.0 ₹ strengthens outlook.
⚖️ RSI: At 83.6, RSI is in overbought territory, suggesting caution as short-term pullbacks are likely.
📉 MACD: Positive at 1.03, confirming bullish undertone but momentum is flattening, hinting at possible consolidation.
📊 Bollinger Bands: Price is near the upper band, indicating strong buying interest but also risk of correction.
📦 Volume Trends: Current volume (80,41,77,616) is lower than 1-week average (1,12,10,62,095), showing reduced participation despite price strength.
🎯 Entry Zone: 12.5–13.0 ₹ (near 50 DMA support).
🚪 Exit Zone: 14.0–14.5 ₹ (near resistance and 52-week high).
📌 Momentum Signal: Short-term bullish trend but overbought. A breakout above 14.0 ₹ could trigger fresh rally, while failure to hold 13.0 ₹ may lead to consolidation.
Positive
- ✅ Strong 52-week performance (96.8%).
- ✅ EPS at 3.18 ₹ supports valuation recovery.
- ✅ PAT loss narrowed from -6,406 Cr. to -5,466 Cr., showing improvement.
Limitation
- ⚠️ Negative book value (-3.26 ₹) indicates weak fundamentals.
- ⚠️ ROCE (-1.81%) and ROE are negative, reflecting poor efficiency.
- ⚠️ RSI overbought at 83.6 increases risk of correction.
Company Negative News
- 📉 Continued quarterly losses despite narrowing PAT.
- 📉 FII holdings decreased by 0.43%, showing reduced foreign investor confidence.
Company Positive News
- 📈 DII holdings increased by 0.60%, reflecting domestic institutional support.
- 📈 Quarterly profit variation at 24.8% highlights improvement in financial performance.
Industry
- 🏭 Industry PE at 44.1 indicates sector is moderately valued compared to IDEA’s uncertain fundamentals.
- 🏭 Telecom sector outlook remains competitive, with valuations driven by subscriber growth and debt restructuring.
Conclusion
🔎 IDEA is in a bullish trend but overbought. Entry near 12.5–13.0 ₹ offers favorable risk-reward, while resistance at 14.0–14.5 ₹ should be watched for exits. RSI overbought levels suggest caution, as short-term correction is possible. Investors should monitor institutional flows and earnings recovery before expecting sustained upside momentum.