AmanSaraf

IEX looks good for swing

Long
NSE:IEX   INDIAN ENERGY EXCH
IEX (Indian Energy Exchange)

- Swing High Breakout - ✔
- Good Breakout Volumes - ✔
- Huge Accumulation & Price activity a few days before - ✔
- Spread Chart Breakout - ✔
- RS+ & Strong Relative Strength - ✔

Other points to note:
The new Electricity (Amendment) Bill 2021 delicenses State Monopoly on Electricity. Which is now open to competition from all private Electricity Distribution Companies. Consumers can now choose their Discom (like telcos)
Along with the boost in Electricity Distributor's business, it will also boost revenues for IEX .

Looks good for swing & Positionally