IEX - Technical Analysis

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

Technical Rating: 2.4

Here’s a focused technical read on Indian Energy Exchange (IEX) that highlights its short-term fragility and possible bounce setups

📉 Trend Analysis

Current Price ₹135 is trading well below the 50-DMA ₹187 and 200-DMA ₹183, confirming a sustained downtrend.

Stock has plunged ~45% from its 52-week high ₹244 and is currently sitting just above its recent low of ₹132.

52-week index at 2.79% reflects severe underperformance.

🧭 Trend Status: Reversing downward; structure is weak but bottoming attempts may be underway.

🔁 Momentum Signals

RSI (22.7): Deeply oversold → typically suggests a technical bounce might be brewing.

MACD (-13.0): Negative and sharply diverging → strong bearish momentum still in play.

Volume (4.97 Cr) vs 1Wk Avg (12.20 Cr): Significant drop-off, shows low conviction, possibly due to exhaustion selling or sidelined buyers.

📊 Bollinger Bands

Price is likely pushing against the lower Bollinger Band, amplifying oversold tension.

No evident squeeze, so volatility remains high, but direction unclear.

📈 Support & Resistance Zones

Zone Type Price Zone (₹) Insights

Support 130 – 135 Oversold base; psychological floor

Resistance 160 – 165 Previous breakdown zone and minor swing highs

Breakout Zone 183+ Above 200-DMA → confirms trend reversal setup

🎯 Trade Strategy

Entry: ₹132–₹136 (bounce trade near support zone with tight SL)

Exit: ₹160–₹165 (short-term rebound target)

Stop Loss: ₹127 (just below 52-week low and key base)

🔍 Conclusion

IEX remains under strong bearish pressure, but its extreme RSI and oversold volume profile could give way to a short-lived bounce.

MACD and price action still lag → any entry should be strictly tactical, not long-term.

A decisive push above ₹183 on volume and MACD reversal would shift sentiment toward ₹195–₹205 range.

Want help charting its correlation with power demand data or comparing peers like Tata Power and Adani Energy for stronger setups? I’ve got the radar locked 🔦📊

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