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inteliigentrader

IEX looks good for a swing trade

Long
INDIAN ENERGY EXCH (NSE:IEX)  
inteliigentrader Updated   
NSE:IEX   INDIAN ENERGY EXCH
Trend Analysis Support and Resistance Supply and Demand
8
0
trendanalysis supportandresistance supplyanddemand
I believe IEX looks good for a swing trade for a 3-6 month timeframe. This is not a financial advise to go long. This is just my thought process behind why I am going to go long in IEX. Consult with you financial advisor before taking any trades

CMP- 152.7
Target - 300
SL - 117
R:R - 4.1
Comment:
Good breakout yesterday, good volumes.
Comment:
Strong reversal from supply zone, market is correcting overall. Nothing new for a stock that was beaten so bad from its highs. 130-134 are good support levels. Let's see if it can reverse from those levels
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