IEX
About Company :-
Indian Energy Exchange Ltd provides an automated platform and infrastructure for carrying out trading in electricity units for physical delivery of electricity. It's broker Just like Zerodha or Angel One but for electricity trading. with market share at present, IEX enjoys a dominant 90% market share in the total volume traded across all segments. However, recent regulations like "Market Coupling" could potentially impact IEX's prominence in this segment means market share will reduced if market coupling implemented by govt. in future.
Entry :- 160/- or Current Price.
Target :- At Supply Zone.
Comment:
Target is above 50% from current price.
Trade active:
Price retested 160/- again.
Comment:
IEX crashed on 17-Jan-2024 because fear of "Market Coupling" was looming on the company. As I said in the description regulations like "Market Coupling" could potentially impact IEX's prominence. Still, the market share of IEX is 90% - 95%(MONOPOLY). Even if govt implements "market Coupling" it will not affect the company's bottom line.