IEX has shown support from the last leg. Best strategy is to give small SL and big target.
The lines are self explanatory.
Please provide your suggestions/ Comments what can be done better.
Today market has turned from critical support and closed above 200 EMA which is a very positive sign.
IEX -- Monthly chart --look like good days ahead,
1. After sharp fall from 300 sub level stock seen above 21 HMA after many months as current month candle . if this candle manage to close above 21 HMA , stock again will be positive zone
2. Rounded Bottom cup form seen , bottom formation seen 125-30 sub level .
3. Near RSI , ema Positive crossover, this...
The stock may have completed it's correction as it is also down 60% from the top. If price drops further below 129.5, it may extend the correction towards 115. As long as the current low remains intact, it is likely that the stock will continue its bullish cycle.
It's a breakout in IEX if it sustains above 145 then it can hit 165 and 175, the major resistance is 190 and closing above it can change the trend from down to uptrend.
On the other hand, if it goes down then the major support is at 130.
IEX shows massive potential, it breaks past its
2. triangle break
and TIGHT consolidation break on high volume
Stop loss below the base of the triangle/consolidation
target at T1 T2
Keep It Simple
New Study For Paper Trade
Buy IEX Near 127-131 (Add More at 120)
Target : Open (Long Term Holder Fund 2X,3X)
👉 Monthly Demand Zone
👉 Weekly 200 EMA Support
Only For Paper Trade And Education Purpose
Don't Real Trade
I am not sebi Registered Here Post is only for Education purpose i am not responsible for any profit and loss.
As I said will start posting good long term picks in the last idea.
IEX is the first and largest energy exchange in India providing a nationwide, automated trading platform for physical delivery of electricity.
As we all must know this. This is a really good company with great potential and strong fundamentals.
I had already mentioned about the...