IDEA - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.7
| Stock Code | IDEA | Market Cap | 1,17,769 Cr. | Current Price | 10.9 ₹ | High / Low | 12.8 ₹ |
| Book Value | -7.58 ₹ | Dividend Yield | 0.00 % | ROCE | -2.07 % | ROE | % |
| Face Value | 10.0 ₹ | DMA 50 | 10.6 ₹ | DMA 200 | 9.38 ₹ | Chg in FII Hold | 0.00 % |
| Chg in DII Hold | 0.85 % | PAT Qtr | -6,406 Cr. | PAT Prev Qtr | -5,622 Cr. | RSI | 51.8 |
| MACD | -0.19 | Volume | 78,31,50,022 | Avg Vol 1Wk | 93,88,38,122 | Low price | 6.12 ₹ |
| High price | 12.8 ₹ | 52w Index | 71.1 % | Qtr Profit Var | 3.45 % | EPS | -2.64 ₹ |
| Industry PE | 39.9 |
📊 Chart Patterns & Trend: IDEA is trading slightly above its 50 DMA (10.6 ₹) and well above its 200 DMA (9.38 ₹), showing short-term strength but overall weak fundamentals. Price action suggests consolidation between 10–12 ₹, with strong support at 10 ₹ and resistance near 12–12.5 ₹. Trendlines indicate sideways movement with mild bearish undertone.
📈 Moving Averages: Current price (10.9 ₹) is marginally above the 50 DMA and comfortably above the 200 DMA, signaling short-term stability but not strong bullishness. Sustained move above 12 ₹ is required for reversal confirmation.
📉 RSI: At 51.8, RSI is neutral, suggesting balanced momentum without strong buying or selling signals.
📉 MACD: Slightly negative at -0.19, indicating weak bearish divergence and lack of strong momentum.
📊 Bollinger Bands: Price is mid-band, suggesting consolidation with limited volatility. Breakout above upper band (~12 ₹) would confirm bullish momentum.
📊 Volume Trends: Current volume (78.3 Cr. shares) is below the 1-week average (93.8 Cr. shares), showing reduced participation and weak buying interest.
🎯 Entry Zone: 10–10.5 ₹ (near support, risk-managed entry).
🎯 Exit Zone: 12–12.5 ₹ (resistance zone, profit booking advisable).
📌 Momentum Signal: Weak short-term momentum, consolidation phase with mild bearish undertone. A breakout above 12 ₹ is needed to confirm reversal.
Positive
- Stock trading above 200 DMA shows some technical resilience.
- DII holdings increased (+0.85%), reflecting domestic investor support.
- 52-week index return of 71.1% highlights strong sector momentum.
Limitation
- Negative book value (-7.58 ₹) indicates weak financial health.
- ROCE (-2.07%) and ROE are negative, showing poor efficiency.
- EPS is negative (-2.64 ₹), reflecting continued losses.
- Weak trading volumes reduce momentum strength.
Company Negative News
- Quarterly PAT remains deeply negative (-6,406 Cr.), worsening from previous quarter (-5,622 Cr.).
- No dividend yield, limiting investor returns.
Company Positive News
- Quarterly profit variation (+3.45%) shows marginal improvement despite losses.
- DII support increased, showing domestic institutional confidence.
Industry
- Industry P/E at 39.9 indicates sector is moderately valued, but IDEA’s losses make P/E non-comparable.
- Strong sector momentum with 52-week index return of 71.1% supports broader growth outlook.
Conclusion
⚖️ IDEA is consolidating near support with weak momentum and bearish undertones. Entry near 10–10.5 ₹ offers limited risk, while exits should be considered around 12–12.5 ₹ unless strong reversal occurs. Fundamentally weak with persistent losses, making it a speculative technical play in the near term.