IKS - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.7

Here’s a detailed technical analysis of IKS (Company Code: IKS)

📊 Trend Overview

Phase: Reversing with bearish undertone

Price Action: Trading below both 50-DMA (₹1,571) and 200-DMA (₹1,658), indicating a short-term downtrend and lack of bullish confirmation.

Volume: Above average (2.28L vs 1.60L), suggesting active trading, possibly driven by short-term volatility or speculative interest.

📈 Momentum Indicators

RSI (45.5): Weak zone — momentum is softening, approaching oversold territory.

MACD (-7.14): Negative and diverging — confirms bearish momentum and lack of short-term strength.

Bollinger Bands: Price likely near the lower band, indicating oversold conditions and potential for a technical bounce.

🧭 Chart Patterns

Descending Channel: Price has been declining from ₹2,190, forming lower highs and lower lows.

Base Formation Attempt: Stabilization near ₹1,500–₹1,540 zone suggests potential bottoming, but confirmation is lacking.

🔍 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 1,500 Minor pullback zone

Support 2 1,440 Previous swing low

Support 3 1,226 52-week low

Resistance 1 1,571 50-DMA, short-term ceiling

Resistance 2 1,658 200-DMA, trend reversal trigger

Major Resistance 1,800–2,190 Breakdown zone and 52-week high

🎯 Entry & Exit Zones

Optimal Entry: ₹1,500–₹1,540 (on dips with reversal confirmation)

Short-Term Target: ₹1,571–₹1,658

Exit Zone / Stop-Loss: ₹1,440 (below swing support)

🔄 Short-Term Outlook

Momentum: Weak and declining

Bias: Bearish below ₹1,571; neutral-to-bullish only above ₹1,658

Phase: Reversing — early signs of base formation but no breakout yet

🧠 Key Takeaways

IKS is showing signs of short-term weakness despite strong fundamentals and earnings growth.

RSI and MACD confirm bearish momentum, while price action suggests a possible retest of support near ₹1,500.

A close above ₹1,571 with volume could revive bullish sentiment and open upside toward ₹1,658–₹1,800.

Let me know if you’d like a chart visualization or screener of similar reversal setups in the mid-cap tech or industrial space.

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