Intellect Design Arena slides, support at 593 and 577

Intellect Design Arena trades at Rs 600.25 in a strong downtrend, with support at Rs 593 and Rs 577 and resistance at Rs 675. Intellect Design Arena Limited [

] is in a persistent decline on the weekly chart. The latest weekly candle shows Rs 600.25, down 1.75%. Q1 FY27 consolidated total income rose 18.91% to Rs 873.2 crore from Rs 734.4 crore a year ago. Yet the share price has fallen to roughly half its 2025 high above Rs 1,200. Rising income with a falling price point to de-rating, not a revenue collapse. The trend is strongly down, with lower highs since the late 2025 high. Weekly RSI is 29.44, below its average of 39.68, so momentum is weak. Immediate support is Rs 593, the latest weekly low. Major support is Rs 577. Resistance is Rs 675. A weekly close below Rs 577 would extend the decline. A weekly close above Rs 675 would be the first sign of stabilisation. At this juncture the immediate support is the level to watch whether Rs 593 holds on a weekly close, and for RSI to rise from near 30. A rebound on thin volume would not convince me. Disclaimer: I do not hold any position in this stock. This is not a recommendation to buy or sell. Investments in securities markets are subject to market risks. Read all related documents carefully before investing.