IEX - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.2
| Stock Code | IEX | Market Cap | 11,134 Cr. | Current Price | 125 ₹ | High / Low | 215 ₹ |
| Stock P/E | 24.1 | Book Value | 13.5 ₹ | Dividend Yield | 2.40 % | ROCE | 53.6 % |
| ROE | 40.5 % | Face Value | 1.00 ₹ | DMA 50 | 137 ₹ | DMA 200 | 152 ₹ |
| Chg in FII Hold | -1.78 % | Chg in DII Hold | -1.48 % | PAT Qtr | 115 Cr. | PAT Prev Qtr | 122 Cr. |
| RSI | 35.3 | MACD | -3.79 | Volume | 76,78,951 | Avg Vol 1Wk | 97,49,935 |
| Low price | 122 ₹ | High price | 215 ₹ | PEG Ratio | 1.98 | Debt to equity | 0.00 |
| 52w Index | 3.01 % | Qtr Profit Var | 11.6 % | EPS | 5.18 ₹ | Industry PE | 58.4 |
📊 Chart Patterns & Trend: IEX is in a bearish reversal phase after correcting from its highs. Price is trading below both the 50 DMA (137 ₹) and 200 DMA (152 ₹), indicating short-term weakness and medium-term resistance. Support is visible near 122–125 ₹.
📉 Moving Averages: Both 50 DMA and 200 DMA are acting as resistance. Sustained move above 140–145 ₹ would be required to confirm a reversal.
📉 RSI: At 35.3, RSI is weak, suggesting bearish momentum and oversold conditions.
📉 MACD: Negative (-3.79), showing bearish crossover and continued downside momentum.
📊 Bollinger Bands: Price is near the lower band, reflecting oversold conditions. A rebound toward 135–140 ₹ is possible if support holds.
📊 Volume Trends: Current volume (76.7 lakh) is lower than average weekly volume (97.5 lakh), showing reduced participation and lack of strong buying support.
🎯 Entry Zone: 122–126 ₹ (support zone).
🎯 Exit Zone: 140–150 ₹ (resistance zone).
🔑 Stop Loss: 120 ₹ (below recent support).
Positive
- ROCE at 53.6% and ROE at 40.5% indicate excellent efficiency.
- Debt-free balance sheet (Debt-to-equity ratio 0.00).
- Dividend yield of 2.40% adds income stability.
- EPS at 5.18 ₹ supports valuation strength.
Limitation
- Price trading below both 50 DMA and 200 DMA confirms bearish trend.
- PEG ratio of 1.98 indicates limited growth-adjusted value.
- Weak volume participation limits momentum strength.
Company Negative News
- FII holdings decreased (-1.78%) and DII holdings decreased (-1.48%), showing reduced institutional confidence.
- Quarterly PAT declined from 122 Cr. to 115 Cr., reflecting earnings pressure.
Company Positive News
- Strong fundamentals with high ROCE and ROE.
- Dividend yield of 2.40% provides investor support.
- 52-week performance shows resilience with 3.01% index gain despite correction.
Industry
- Industry PE at 58.4 vs. stock PE at 24.1 highlights undervaluation relative to peers.
- Power trading and energy exchange sector supported by rising demand for electricity and renewable integration.
Conclusion
⚖️ IEX is in a bearish reversal phase with weak signals (RSI low, MACD negative). Short-term bounce is possible from 122–126 ₹, but resistance near 140–150 ₹ limits upside. Medium-term outlook remains cautious due to declining institutional holdings and earnings pressure, though strong fundamentals, debt-free status, and undervaluation relative to peers provide stability. Risk management is crucial for traders considering entry.
Would you like me to extend this into a peer benchmarking overlay with other energy trading and power sector companies (like PTC India, Adani Energy Solutions, and Tata Power) to highlight relative strength and sector rotation opportunities?