IEX - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 20 Dec 25, 03:54 pm

Technical Rating: 3.8

📊 Chart Patterns: IEX is trading slightly below its 50 DMA (143 ₹) and 200 DMA (157 ₹), showing short-term weakness. Price action indicates consolidation between 130 ₹ (support) and 215 ₹ (resistance).

📈 Moving Averages: Current price (141 ₹) is below both 50 DMA and 200 DMA, suggesting bearish undertone in the medium term.

📉 RSI: At 44.9, RSI is neutral-to-weak, leaning towards oversold territory but not yet signaling reversal.

📉 MACD: Slightly negative (-0.12), indicating weak bearish crossover and lack of strong momentum.

📊 Bollinger Bands: Price is near the lower band, suggesting oversold conditions and potential for short-term bounce.

📊 Volume Trends: Current volume (35.3 lakh) is higher than 1-week average (29.5 lakh), showing increased participation and accumulation interest.

📌 Momentum Signals: Weak short-term momentum; rebound possible if price sustains above 138–140 ₹ support.

🎯 Entry Zone: 138–142 ₹ (near support).

🎯 Exit Zone: 155–165 ₹ (near resistance trendline).

🔎 Trend Status: Consolidating with mild bearish bias.

Positive

• Strong ROCE (53.6%) and ROE (40.5%) highlight excellent efficiency.
• Debt-free balance sheet (Debt-to-equity 0.00).
• Dividend yield of 2.13% adds investor appeal.
• Quarterly PAT growth of 14.6% (₹122 Cr vs ₹113 Cr).

Limitation

• Stock trading below both 50 DMA and 200 DMA, showing technical weakness.
• PEG ratio of 2.30 indicates expensive valuation relative to growth.
• Stock P/E (28.0) is lower than industry PE (60.8), but momentum remains weak.

Company Negative News

• Decline in FII holding (-5.33%) shows reduced foreign investor confidence.
• Stock struggling to break above 200 DMA resistance.

Company Positive News

• Quarterly profits improved (₹122 Cr vs ₹113 Cr).
• DII holdings increased (+2.31%), showing domestic institutional support.
• Strong fundamentals with high ROCE and ROE.

Industry

• Industry PE at 60.8 is much higher than IEX’s P/E (28.0), suggesting relative undervaluation.
• Power exchange sector remains critical for energy trading and long-term growth.

Conclusion

⚖️ IEX is consolidating with mild bearish signals, trading below key moving averages but supported by strong fundamentals. Short-term traders may consider entry near 138–142 ₹ with exit around 155–165 ₹. Long-term investors benefit from debt-free status, strong efficiency ratios, and dividend yield, though near-term technical weakness and FII outflows remain concerns.