INTELLECT - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 4.1

Here’s a detailed technical analysis of Intellect Design Arena Ltd (INTELLECT)

📊 Trend Overview

Phase: Trending upward with bullish momentum

Price Action: Trading above both 50-DMA (₹1,009) and 200-DMA (₹958), confirming a strong uptrend and bullish alignment.

Volume: Above average (4.03L vs 3.24L), indicating strong participation and accumulation.

📈 Momentum Indicators

RSI (59.0): Neutral-to-bullish zone — momentum is healthy with room for further upside.

MACD (7.74): Positive and diverging — confirms bullish momentum and trend continuation.

Bollinger Bands: Price likely near the upper band, suggesting strength but also potential for short-term resistance or pause.

🧭 Chart Patterns

Ascending Channel: Price has been forming higher lows from ₹555, indicating a sustained uptrend.

Breakout Setup: Price is approaching resistance near ₹1,050–₹1,080, which could trigger a fresh rally if breached.

🔍 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 1,009 50-DMA, short-term base

Support 2 958 200-DMA, long-term support

Support 3 900 Previous swing low

Resistance 1 1,080 Minor resistance zone

Resistance 2 1,150 Pre-high congestion zone

Major Resistance 1,255 52-week high

🎯 Entry & Exit Zones

Optimal Entry: ₹1,009–₹1,036 (on dips with volume confirmation)

Short-Term Target: ₹1,080–₹1,150

Exit Zone / Stop-Loss: ₹958 (below 200-DMA)

🔄 Short-Term Outlook

Momentum: Strong and accelerating

Bias: Bullish above ₹1,009; cautious below ₹958

Phase: Trending — with breakout potential

🧠 Key Takeaways

INTELLECT is in a strong uptrend supported by bullish indicators and volume surge.

RSI and MACD confirm momentum, while price action suggests a potential breakout above ₹1,080.

A decisive close above ₹1,080 with volume could unlock upside toward ₹1,150–₹1,255.

Let me know if you’d like a chart visualization or screener of similar breakout setups in the fintech or enterprise software space.

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