⚠ Disclaimer: This report is generated using AI tools and is for informational purposes only. It does not constitute investment advice. Please consult a registered financial advisor before making any investment decisions.
IDEA - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.3
| Stock Code | IDEA | Market Cap | 1,02,384 Cr. | Current Price | 9.45 ₹ | High / Low | 12.8 ₹ |
| Book Value | -7.58 ₹ | Dividend Yield | 0.00 % | ROCE | -2.07 % | ROE | % |
| Face Value | 10.0 ₹ | DMA 50 | 10.5 ₹ | DMA 200 | 9.71 ₹ | Chg in FII Hold | 0.00 % |
| Chg in DII Hold | 0.85 % | PAT Qtr | -6,406 Cr. | PAT Prev Qtr | -5,622 Cr. | RSI | 34.7 |
| MACD | -0.45 | Volume | 53,92,34,074 | Avg Vol 1Wk | 53,12,59,563 | Low price | 6.12 ₹ |
| High price | 12.8 ₹ | 52w Index | 49.8 % | Qtr Profit Var | 3.45 % | EPS | -2.64 ₹ |
| Industry PE | 37.3 |
📊 Technical Analysis
- Chart Patterns: Price is below 50 DMA (₹10.5) and slightly below 200 DMA (₹9.71), showing weakness with limited support.
- RSI: At 34.7, near oversold territory, suggesting possible support but still bearish.
- MACD: Negative (-0.45), confirming bearish momentum.
- Bollinger Bands: Price near lower band, indicating selling pressure.
- Volume Trends: Current volume (53.9 Cr.) slightly above 1-week average (53.1 Cr.), showing heavy trading activity with selling bias.
📈 Momentum & Signals
- Short-term Momentum: Weak, bearish bias.
- Support Zone: ₹6.1 – ₹9.5 (recent low and current price).
- Resistance Zone: ₹10.5 – ₹12.0 (DMA and psychological levels).
- Optimal Entry: Around ₹6.5–₹9.5 if support holds.
- Optimal Exit: Near ₹10.5–₹12.0 unless breakout occurs.
- Trend Status: Reversing downward with strong bearish undertone.
✅ Positive
- DII holding increased (+0.85%), showing domestic institutional support.
- 52-week index gain of 49.8%, showing sector momentum despite weakness.
⚠️ Limitation
- No meaningful P/E due to negative earnings.
- Book value negative (-₹7.58), weak fundamentals.
- ROCE (-2.07%) and ROE negative, showing poor efficiency.
📉 Company Negative News
- Quarterly PAT loss widened from -₹5,622 Cr. to -₹6,406 Cr.
- EPS negative (-₹2.64), showing continued losses.
📈 Company Positive News
- DII holding increased (+0.85%), showing domestic confidence.
- Quarterly profit variation (+3.45%) indicates marginal improvement in operating metrics despite losses.
🏭 Industry
- Industry P/E at 37.3, highlighting sector profitability compared to IDEA’s losses.
- Sector growth strong with 49.8% index gain in 52 weeks.
🔎 Conclusion
IDEA is showing bearish technical signals, trading below both 50 DMA and 200 DMA with weak RSI and negative MACD. Fundamentals remain weak with negative book value, losses, and poor efficiency metrics. Short-term traders should watch ₹6.1–₹9.5 as support and ₹10.5–₹12.0 as resistance. The stock is currently reversing downward, and sustained movement above ₹12.0 would be needed to signal recovery.