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Jun 24, 2021 6:39 AM

Indian Energy Exchange (IEX) for Mid-term to Long-term 

INDIAN ENERGY EXCHNSE

Description

Importance of Analysis:

1. Bullish market structure
2. Triangle Pattern and trendline Support
3. Trendline breakout or Resistance zone breakout
4. Good Market Sentiment and strong fundamentals of company with good order book
5. Resistance zone: 380 to 384
6. Support: 365 to 368
7. Target: if upper side breakout:
Short term: 400-425
Mid-Term: 425+
Long-Term:450+
8. Target: if lower side breakout: i.e. 365 and trendline breakout is confirmed
level1: 360 / 353/ 343
9. Stop loss: Anywhere between 10-30 pts (According to your Risk appetite)
10. You can go to smaller time frame for more details

Disclaimer: we are not SEBI registered, this is only for education purpose so please take advise from your financial advisor, invest at your own risk.
NSE:IEX
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