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vinay_aravelli

Looks like IEX is forming HEAD and Shoulders

INDIAN ENERGY EXCH (NSE:IEX)  
vinay_aravelli  
NSE:IEX   INDIAN ENERGY EXCH
Head and Shoulders Flag Trend Lines head_and_shoulder Bearish Flag
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headandshoulders flagpattern trendline head_and_shoulder bearishflag
IEX is forming Head and shoulders pattern. It is taking support at 100EMA if it break 230 level according to Head & shoulders pattern and support levels we can expect targets as
Target1: 206
Target2: 190

NOTE:
It broke the trendline of 1sep-20Dec and it is also forming bearish flag and pole pattern
Pole Target:206

MACD: Negative
100EMA:234
200EMA:200
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