how trend changes Since morning till we not close our eyes for a sleep will see a trend in our society in respect of each item, dress, hair style etc.....likewise price also follows trend. and givesome intimation when that trend changes.....same thingwe tried to illustrated. how pricemoved in down trend and making lower low and lower high. and suddenly it start making hihger high and higher low.
IEX
IEX - DAILY CHART - 17.08.2022 - BAHAVAN CAPITALINDIAN ENERGY EXCHANGE as per Daily chart Analysis.
It has broken the previous resistance at 168 and today ADANI POWER, IEX and TATA POWER has shown good momentum and among these ADANI POWER had no seller after 1.30pm.
There should be a Good momentum for these power and Energy sectors for tomorrow.
IEX Above 175 and Target 185
Happy Profitable Trading to All...
IEX Fresh Trendline BreakoutIEX (Indian Energy Exchange) I am Buying IEX Future around 163 With Stoploss of Today's Low 158 For the Targets of 175+ in the Next 15-20 Trading sessions. (Swing Trade)
Reasons:
# Share Price has seen fresh trendline breakout.
# Stock has crossed 20EMA on Daily and 4-Hourly Chart.
# Price Pattern on Daily Charts: Double Bottom "W" Pattern Seen.
# Stock has already seen More then 50% Significant Correction from all time highs.
IEX - SWING TRADING - 19.07.2022 - BAHAVAN CAPITALIEX is about to Break out and Buy Above 168 and Target 251.
There has been change in the holding patterns in last few days.
and it indicates FII have beginned their entry middle of this month onwards.
18.07.2022 FII Net Holding 156.08 Cr DII Net Selling 844.33 Cr
19.07.2022 FII Net Holding 976.40 Cr DII Net Selling 100.73 Cr
So iam anticipating a uptrend move for this month.
Will discontinue Intraday and focus on Swing Trading.
Happy Profitable Trading to All....
Trend change in IEXAs Seen in the chart there is possibility of reversal as one can see wave C is completed with 5 waves and 5th wave is ending diagonal. So, there is a probability that price can go and touch the median line of the channel which is my first Target & can be pulled back for some time and then further can touch to the upper line of channel.
Note - before taking trade please do your own Research above shared views are for educational purpose.
Closed all trades in IEX at lossI have closed all my trades in IEX at a loss of 20 lakhs, the marketing for this company was very strong on all platforms, but the basics is that this company is a brokerage company ; it does not manufacture anything and it depends heavily on government decisions. Lesson learnt, i will avoid sales pitch on social media in future. CNX Finance index is also falling so there is no near term scope here
Some of Small Cap 100 stocks to keep eyes 👀 on for next week NSE:PVR
1) TV18 Broadcast
For up side move breakout of 38.50 is needed otherwise downtrend will continue.
2) IDBI BANK
This is for a bit mid to long term positional trade if it gives sustainable breakout of this box.
It is making RSI bullish divergence on 1hr TF.
3) DELTA Corp
It is trading in Triangle pattern in 15min TF. Breakout on either side will give move in that direction.
4) IEX
On 1D TF, Friday candle gave closing in the resistance Channel. Once it come back above 180 level then we can see one pull back to go up side. but if it fail then the downtrend will continue.
5) First Source Solution
It has to sustain above 100.50 to give one up spike 102 - 102.50 is a flip level. It will face resistance from it if it trades below it and it will become support if it trades above it.
6) Birla Soft
364-365 is a immediate breakout level. If it sustain above it then we can see up move in it.
7) GNFC
590-592 range is flip zone.
If it sustain above it then we can see up trend. Below this range it is in bearish sentiment. Above next resistance is at 600 level.
8) Chambal Fertilizer
280 level range is major support level. We might see good bounce from here. also if it fails to hold 280 then we can also see good selling in it.
9) Balrampur Chini
378 is immediate hurdle to take out.
Above this it has to sustain to test 390-395 levels. 365 is immediate support. Breakdown of this support will lead to down fall.
10) SPARC
It has to sustain above 205 level range to go bullish.
Below 200 level it will be bearish.
11) CANFIN HOMES
438-440 is breakout level
430-431 is support level at this moment.
Breakdown of 430 will invite selling and if it takes support from 430 range then buying will come which can lead to test 438-440 level and breakout of this 440 level will lead it to test 445-448-450 levels.
12) PVR
1850-1860 is immediate resistance range.
If it manage to sustain above it then we can see the up move will continues and if it face resistance from it then it may go to test 1800 levels.
1660-1680 range is major support range.
13) Radico Khaitan
Above 840-841 it will be bullish. It has been trading in range since long time.
Keep this on radar it can be also a good positional trade.
This view are personal.
All the best for your next trading week.
Feel free to share your suggestions/doubts if any.
IEX : 100 sma weekly final supportIEX : 100 sma weekly final support. If that breaks then at least clap once for those people who did marketing for this stock everywhere to collect bandars. Go to nseindia website and see which index IEX follows, then track performance of that index to see when you can get insaaf.
Indian Energy Exchange IEXQuarterly financials
(INR) Mar 2022 Y/Y
Revenue 128.44Cr 28.4% (up)
Net income 88.36Cr 43.62% (up)
Diluted EPS 0.99 43.48% (up)
Net profit margin 68.79% 11.85% (up)
Earnings calls
Previous EPS Revenue
Q4 2022 EPS beaten by 11.39% Miss -6.50%
from here expect this stock to be in an uptrend w h en it breaks abobe bollinger mid line on this chart, financials look favourable.
IEX long term investment idea here is my IEX long term view as one should invest only after 4 months as it is in the decline phase and about a year after investment it will break its high of 335 and boost up to 400
my value price for the stock will be 125 to 130 and target 400 and invest for a year up to mid-2023 or 2024 starting
#IEX #indianenergyexchange Support levels NSE:IEX
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
(PRZ :- Potential Reversal Zone, SL :- Stop Loss, TF :- Time Frame)
PRZ 1 :- 180.55
PRZ 2 :- 180.50
SL :- 167.50 (Closing Basis)
Target 1:- 187
Target 2:- 192
Target 3:- 192 and more Trailing basis
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
IEX MIGHT SEE A SELL OFF IN UPCOMING DAYSIEX is looking good to short
Technical reasons for the trade
1. The stock is resisting and taking support from the trendlines which are in color
2. The stock took support from a red trendline 2 times now it is trading near that trend line so it might break it and also it is trading near its 200ema so this might also be broken.
3. The stock formed a bearish flag pattern and recently it had given a breakout.
Fundamental reasons
1. Due to the US market crash we could expect a small correction in the upcoming days.
2. Due to LIC IPO the market will see a sell-off.
3. The recent results of the stock are also bad so there is a bad sentiment in the market.
So, we must short it when it breaks it 200ema and the pattern height could be taken as a target.
IEX Indian Energy Exchange Analysis !!📈 IEX ( Indian Energy Exchange ) 📉
Today broke out from a downtrending Trendline Zone on closing basis.
On Buy Side I am looking for Targets of 238, 266 followed by 295.
StopLoss should be kept at close below 216.
It offers 1:5 Risk To Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.