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champtrade111
Feb 5, 2023 7:08 AM

IEX -- Good days ahead . Long

INDIAN ENERGY EXCHNSE

Description

IEX -- Monthly chart --look like good days ahead,

1. After sharp fall from 300 sub level stock seen above 21 HMA after many months as current month candle . if this candle manage to close above 21 HMA , stock again will be positive zone

2. Rounded Bottom cup form seen , bottom formation seen 125-30 sub level .

3. Near RSI , ema Positive crossover, this crossover will confirm trend reversal .

4, Potential upside 100% From current level ENTRY .. 135-138 target 150-180-200-220 stop loss bellow support level at 115

5. RISK REWARD ratio 1:4 from current level



** THIS IDEA IS FOR EDUCATIONAL PURPOSE .. ** TRADE AT OWN RISK !!

* HAPPY TRADING .!!

Comment

IEX target 1- 150 HIT ..9.30 am
09/03/2023

HAPPY TRADING !!

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UPDATE : 28/03/2023
Weekly chart - consolidation -Breakout and breakdown level .
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