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Ion Exchange (India) Ltd

Stage 3 · Topping · week 2

As of 16 Oct 2026, Ion Exchange (India) is in Stage 3 — topping, where an uptrend loses steam, in week 2 (since 9 Oct 2026). It closed at ₹378, 19.4% below its 52-week high and below its 200-day average, which is rising. In Industrials, 25.5% of stocks are in Stage 2.

Ion Exchange (India) Limited, together with its subsidiaries, provides water and environmental management solutions in India and internationally. More about the company

₹377.5
-0.05% today
₹4,641 Cr · Small cap
Market Neutral — FadingIndustrials 25.5% in Stage 2-2.0 pts / 20dEnvironmental Services 0.0%-20.0 pts

Pro read

Pro

Our read

Topping — the uptrend is tiring

Setup score

—

Momentum

Steady

Edge

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Is IONEXCHANG early, or has it already run? Pro answers that for every NSE stock, after every close.

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vs 52W High
-19.4%
₹317.3 lo₹468.3 hi
19.4% below 52W high — weakening from peak
Stock is rolling over from its 52W high. Stage 3 distribution — new longs are high risk here.
Stage Maturity
Week 2
1w13w26w
Week 2 — early distribution
How long this stock has been in Stage 3 distribution. Longer tops often precede deeper Stage 4 declines.
vs 200 DMA
-2.0%
200 DMA: ₹385.3 · rising
Stock is losing its 200 DMA. Once lost, it confirms Stage 4 risk. This is a major red flag for existing holders.
Rel Volume
0.31x
vs 50-day avg
Volume spikes on down days during Stage 3 signal distribution — institutions are exiting. A clear warning to avoid new longs.
Trend Health
↓
MA20 rolling over · -4.1% vs MA50 -2.2%
Two-layer momentum read: the glyph shows whether the 20-day MA is rising (↑/↗), flat (→), or rolling over (↓). The ⇈ flag fires when the 20-day MA is pulling away from the 50-day MA — short-term momentum building on top of the longer trend. Best when both glyphs agree.
1M
-11.4%
3M
-13.3%
6M
-4.9%
YTD
+0.4%
1Y
-3.6%
Sector
Industrials
↓ Peaking
Stage 2%
25.5%
20d Δ
-2.0pp
1M return
-0.9%
3M return
-2.5%
Sector Stage-2 % · last 20 days
Sector has 125 Stage 2 leaders. See Industrials Stage 2 →
Industry
Environmental Services
↓ Peaking
Stage 2%
0.0%
20d Δ
-20.0pp
1M return
-8.6%
3M return
-15.5%
Industry Stage-2 % · last 20 days
Stage Cycle Timeline2023-07-20 → 2026-10-16
S2 15w
S2 14w
S4 14w
S4 28w
S2 17w
2023-07-202026-10-16
S1S2S3S4Setup score (0–10, dashed line at 5)
S2 12w → S3 1w → S2 15w → S3 6w → S4 6w → S1 9w → S2 14w → S3 9w → S2 5w → S3 4w → S4 14w → S1 10w → S4 28w → S1 4w → S4 5w → S1 7w → S2 17w → S3 1w current
Total tracked: 169 weeks across 18 stage runs.
Scan Membership
Prop Scan
Latest: 2026-10-06
Pullback Hunter
Latest: 2026-07-22
Breakout Watch
Latest: 2026-06-10
40 appearances in last 60 days. First seen: 2024-07-04.
Stocks that stay in the scan for 13+ weeks are in the highest observed-return cohort — they keep qualifying because the structure remains intact, not by luck. Persistence in the scan is itself a quality signal.
Recent Stage Timeline
2026-10-16S3
Wk 2 · Vol 0.31x
2026-10-15S3
Wk 1 · Vol 0.37x
2026-10-14S3
Wk 1 · Vol 0.26x
2026-10-13S3
Wk 1 · Vol 0.23x
2026-10-12S3
Wk 1 · Vol 0.36x
2026-10-09S32→3
Wk 1 · Vol 0.27x
2026-10-08S2
Wk 17 · Vol 0.46x
2026-10-07S2
Wk 17 · Vol 0.55x
2026-10-06S2
Wk 17 · Vol 0.24x
2026-10-05S2
Wk 17 · Vol 0.43x
2026-10-01S2
Wk 17 · Vol 0.46x
2026-09-30S2
Wk 16 · Vol 0.48x
Sector Peers — Stage 2All →
LOKESHMACH
wk 28 · -8.0% from hi
8.9
SHREEJISPG
wk 17 · 0.0% from hi
8.4
SHIVAUM
wk 28 · 0.0% from hi
8.4
ROSSTECH
wk 31 · -6.1% from hi
8.2
SPECTRUM
wk 19 · -3.3% from hi
8.2
Moving averages & range
50 DMA
₹397.7
200 DMA
₹385.3
52W High
₹468.3
52W Low
₹317.3
5D Low
₹377.5
Resistance levels (recent highs)
20d High
₹442.3
60d High
₹445.7
120d High
₹468.3
250d High
₹468.3
Next resistance
+17.2%
to 20d High
P/E (TTM)
24.8
Forward 21.1
Earnings Growth (YoY)
-61.9%
Revenue +8.6%
ROE
+11.2%
Profit margin +4.8%
Dividend Yield
0.37%
P/B 3.5
About this companyIndustrials· Environmental Services

Ion Exchange (India) Limited, together with its subsidiaries, provides water and environmental management solutions in India and internationally. It operates through Engineering, Chemicals, and Consumer Products segments. The company offers raw water, process, post, and drinking water treatment; waste water, water recycling, and zero liquid discharge systems; sludge dewatering and waste to energy systems; ion exchange process, membrane process, ion exchange membrane process, and 3D modelling systems; and resin, incudes water purification equipment; and catalyst grade, adsorbent grade, chemical and special process, pharma grade, nuclear grade, hydrometallurgy, food and beverage, bio diesel, and sugar refining resins. It also provides membranes, such asnano filtration, ultra-filtration, low pressure and seawater RO, fouling resistant, and brackish resistant membranes; and specialty chemical treatment programmes, including cooling and boiler water treatment products, fireside treatment products, coagulants, flocculants, membrane cleaning chemicals, and water testing kits. In addition, the company offers INDION online controllers and transmitters, water quality monitoring instruments, water quality measuring indicators, remote monitoring systems, and online effluent monitoring systems; and consultancy, operator training, design engineering, project financing, and operations and maintenance services, as well as installation, commissioning, rehabilitation, and plant automation services. It serves automotive, cement, chemicals, electronics, food and beverage, fertilizers, paper and pulp, pharma, power, refinery and petrochemicals, steel and metallurgy, mining and minerals, sugar, and textiles industries; educational, hospitality, hospital, laboratory, railway, and defense institutions; communities and municipalities; and residential and commercial establishments industries. The company was incorporated in 1964 and is based in Mumbai, India.

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All analytics based on EOD data. Data as of 2026-10-16. Past data patterns are not indicative of future results. This page is a data analytics tool only.