IEX
IEX is about to complete it's correctionIndian energy exchange is now about to complete it's correction ,it is doing a double correction in major wave IV, fifth to the upside is still due. We can expect correction to complete near 124.85-125.85 and then final V wave target will be 407.
And I'm expecting fifth to be extended because normal projection limit of wave V are 0.382 & 0.618 but as you can see these levels are already under wave III so wave V will be an extended wave.
Price Action Chart Of Indian Energy Exchange #IEXIt'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.
CMP 150
TP1 165
TP2 175
TP3 190
#IEX
IEX MONTHLY DEMAND ZONENew Study For Paper Trade
Buy IEX Near 127-131 (Add More at 120)
StopLoss :110
Target : Open (Long Term Holder Fund 2X,3X)
Study Logic
👉 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.
IEX, long term pick with good potentialHello traders,
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 fundamentals and other details in the chart.
this is again a support reversal buy like LAURUSLABS on which I posted an idea before,having good potential for upmove.
this stock is at great dip and its a really good chance to add this stock to your portfolio (or add more qty if u already have it).
If you see, this stock also has an inverted head and shoulder pattern on a smaller timeframe:
hence we here have multiple consequences for adding this stock or start accumulating in your long term portfolio.
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
Will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Aniket.
keep learning and keep earning.
IEX - Trading at almost 50% points away from 52 week high NSE:IEX
Indian Energy Exchange (IEX) is the premier electricity exchange in India, which facilitates trading of electricity regulated by the Central Electricity Regulatory Commission
IEX commands a market share of ~90% in the power exchange market
The company has a debt free balance sheet with cash & investments to the tune of ~ |340 crore
Found attractive swing trade/ short term investment opportunity with lower risk ratio
Buy for the target - 166, 180, 220
Stoploss - 130