IEX
IEX, buy the dip ?!Hello traders,
sorry for the delay, was not able to post ideas for long time.
"Indian Energy Exchange" (IEX in short) is a very good monopoly stock with strong fundamentals.
I hope you guys know about it.
now the stock has given a good retracement after trendline breakdown which is a good time to buy the dip.
also gave good confirmations for support reversal (mentioned in chart).
one can make a good buy here for investment and swing trading as well.
rest details mentioned in the chart. hope it help you. don't forget to like and share. it motivates me to post more ideas like this.
Keep risk management in check, have proper SL in trading ( not much required in investment ) and trade safely!
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: AnalysisINDIAN ENERGY EXCHANGE (IEX)is India's first and no. 1 electricity exchange. It is a transparent, neutral, demutualized, nationwide, automated, online electricity trading platform. It enables efficient price discovery and price risk management for participants of the electricity market including industries eligible for open access through anonymous platform.
CMP: 238.70
IEX now facing down trend. very critical Support zone. Market Retraced on 238 and go down up to 202 to 166. best for short.
Feel free to share your feedback and queries.
If you want to know about your stock please mention in comment.
IEX Wedge Formation: Ready for breakoutIndian Power and Energy sector is in a bull run of its own and we are seeing several stocks in this sector that are performing well. IEX also looks really good with a wedge formation. Wedges are essentially neutral patterns made up of a resistance and a support line. Breakout on either side should enable you to take a position. Since this particular stock and the sector overall has been in a big bull run, I believe that IEX can breakout on the higher side as the wedge is getting squeezed.
IEX -- POSITIONAL -- 2022IEX.. indian Energy Exchange Ltd. positional stock pick cause of strong bullish technical indicator. stock is high volatile in nature ..but once breakout
gives good momentum upside in few sessions. stock seen hourly chart breakout with good volume . stock seen double bottom formation before breakout at strong support zone and at breakout golden cross over of 3 SMA..20,50,200 clearly seen.
stock from present cmp 265.95 can give 10 to 20% upside move in short term.
TECHNICAL bullish indicators
1. RSI at mid range.
2. MACD above signal and center
3. Golden moving avg crossover
4. Double bottom formation
5. Trendline breakout.
PLEASE DO OWN ANALYSIS THIS IDEA CAN USE EDUCATIONAL PURPOSE..take call at own risk . !!
WISH you happy trading. !
#IEX Bullish in Short termWith power sector showing strong uptrend, IEX has formed a beautiful Ascending triangle pattern which looks bullish in short term. With strong support at 230-235 levels, the upside possibilities is immediate resistance at 275-278 levels and then the 300. The upside is open once the stock breaks 300.