IEX CMP 355 Long for 385, 413 and 450 with Stop loss of 343 Daily closing Basis. I am not sebi registed analyst share the idea only for information and eductaion purpose please consult your financial advisor before investing. Thanks
INDIAN ENERGY EXCHANGE LIMITED (IEX) is the first and largest energy exchange in India providing a nationwide, automated trading platform for physical delivery of electricity, Renewable Energy Certificates and Energy Saving Certificates. The exchange platform enables efficient price discovery and increases the accessibility and transparency of the power market in...
A bearish(Negative) divergence occurs when the price makes a higher high and RSI makes a lower high. A Positive Reversal occurs When the price makes a higher low while RSI makes a lower low. Price proceeds to rise. Positive Reversals only occur in Bullish Trends. Positive reversal trendlines are drawn on lows.
Just exploring a Weekly Call Strategy for Max 5-7 trading sessions with returns of 5-15% If the strike rate is good, only then I shall continue this space as I'm learning too and constantly trying to evolve. Participate only if convinced, else ignore this analysis.
After result IEX fell almost 25 points - You can see a clear consolidation in this stock A Good intraday pick abv 375, If it opens gapup wait for 375 zone to retest or Enter abv 380 (SL can be Previous Low or Previous close according to entry) Target - 390/400
Date: 22 April 2021 IEX. (CMP: 359.95) Buy above 370 for a target of 400, 430 and 460. Keep SL at 330. Stock is looking at RSI level and currently given breakout above 20 DEMA level.
Have a long term perspective in business of IEX .
Good quality Stock with Strong Positive momentum.
Heavy Buying Comes from 330-325 levels.. so down side seems restricted.. Once Cross 365-370.. will make new highs and run like a mad bull !!! Lets see !! its in BULLISH TREND and is currently retesting and cooling off its WEEKLY RSI>> a lil Support from Market and it will blast !!
IEX, after nice bull run, seems to be taking rest. Taking support on Daily charts at 328-333 levels which is 0.786 fib level as well. Watch out if it breaks support or upper trend line.
The Chart Shows my Trade which i took on 06/04/2021.. Simple Chart.. Hot Stock.. Retest seems to be done.. may be false too.. Market if sustains , can achieve targets very fast !!
IEX on support, it could either break it and take support on rupees 320, Fibonacci retracement level of 38.2%, or hold the support and move up. Watch for maintenance or breach and take a call accordingly!
iex chart analysis for intraday and swing trading
CHECK THE ANALYSES SHARED ON TRADING VIEW AND SEE HOW THE ANALYSES WERE DONE WHICH GAVE HANDSOME RETURN CLICK THE LINK TO SEE THE IDEA I DISCUSSED FEW DAYS BACK ON TRADING VIEW . IEX GAVE RETURN AS DISSCUSED BACK AND IT CAN ALSO BE HELD FOR MEDIUM TO LONG TERM 1. STRONG STOCK 2.STRONG FUNDA