1. IDEX shares fell from $244 to $165 since April 2024. 2. According to Adhishthana Framework, IDEX is in a descent leg. 3. Potential downside risk could drag stock back to $110-$115. 4. Existing holders need to reassess exposure based on outlook. 5. Investors should wait for stabilization signals before entering.
The stock's decline signals a potentially severe downward trend, often reflective of deeper issues. Historical declines after peaks have led to significant drops, as observed in various cyclical stocks.
The article identifies a fundamental bearish outlook based on cyclical analysis, which could heavily influence IDEX’s future performance.
The stock could face sustained pressure until it approaches the identified target price, which may take time. Past patterns show that such cycles can last several months to years.