IEX IW
Support and Resistance:
The chart shows a long consolidation phase, highlighted by a black rectangle. This consolidation represents a trading range where the price was oscillating between approximately ₹120 and ₹180.
Breakout:
The price has recently broken out of this consolidation zone, moving above ₹180 and reaching a current level of ₹203.51. This breakout may indicate a potential trend reversal or continuation of the uptrend.
Upside Targets:
Two potential resistance levels are marked with red dashed lines:
The first level is around ₹245.58.
The second, more distant target is around ₹301.90.
These observations are based on the chart's technical analysis for educational purposes and are not financial advice.
The chart shows a long consolidation phase, highlighted by a black rectangle. This consolidation represents a trading range where the price was oscillating between approximately ₹120 and ₹180.
Breakout:
The price has recently broken out of this consolidation zone, moving above ₹180 and reaching a current level of ₹203.51. This breakout may indicate a potential trend reversal or continuation of the uptrend.
Upside Targets:
Two potential resistance levels are marked with red dashed lines:
The first level is around ₹245.58.
The second, more distant target is around ₹301.90.
These observations are based on the chart's technical analysis for educational purposes and are not financial advice.
Disclaimer
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