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sckeshari344

IEX at crutial support

Long
INDIAN ENERGY EXCH (NSE:IEX)  
sckeshari344 Updated   
NSE:IEX   INDIAN ENERGY EXCH
Trend Analysis Chart Patterns Technical Indicators
6
9
trendanalysis chartpattern indicator
IEX at very important support and looking little weak.
20 DMA is slightly broken but 50 DMA is intact.
Historically IEX has taken support at 50 DMA and yet again price could take support at it.
Next week is important and we shall wait and decide.
RSI is well above 65 and it is also taking support at trendline.

Disclaimer: This is not a recommendation. Please invest after your own analysis.
Comment:
IEX nicely took support at fibonacci level 0.236 and reversed from there by forming and dogi and a bullish candle next to dogi indicating a positive momemtum.
At the same time, RSI is also showing positive momentum and reversed by taking trendline support.

snapshot
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