IEX
IEX (Daily) - Flag Breakout Indian Energy Exchange (IEX) - Daily
Flag breakout - 4th wave flag/triangle seems to have ended and it is the start of the 4th wave
MACD in the daily wave and weekly tide is uptick
RSI is well above 60 in the overbought zone
Stochastic 14,3,3 is in positive crossover
+DI is above -DI and the ADX is above 15 in the Directional Movement Index (DMI)
Seems to be a decent case for going long / buying
INDIAN ENERGY EXCHANGE ( IEX )IEX has given Breakout from (0) and (B) trendline with good intensity of volume in daily time frame, Wave structure is also suggesting impulse move ahead, Now wave 4 has seen a long consolidation and we may be ready for wave 5, as wave 5 unfolds we may go towards 350 and 380 plus areas, All other indicators like macd, rsi, dmi adx, bollinger band, and stochastic are also suggesting positive trend ahead, One can go long at current levels or in dips (if any) with mentioned stop loss for mentioned targets on chart.
Wave structure could be like this
Breakout with good intensity of volume
key levels are mentioned on chart along with stop loss and targets
Volume decreased in corrective phase
MACD in weekly running in positive and now uptick that too above zero line
MACD in daily positive crossover and now uptick that too above zero line
rsi uptick and above 60 and 70 in daily time frame
upper bollinger challenged in daily time frame
dmi adx positive ungali setup in daily
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
I am not responsible for your profits and losses
** Trade Setup for IEX stock in the cash segment not f&o ** Good opportunity to Buy with keeping in mind that it may give you upsides.
Here we have provided the trade setup based on support resistance on the Stock IEX.
The Stock is looking to hit the two resistance on the upside and even if there is a little bit of consolidation between the zone.
We have to play the stock in cash segment with proper risk management and position sizing.
The Suppoprt provides a good opportuinity for positional and swing traders to jump in.
IEX : DWM AnalysisNo Buy / No sale
Its pure knowledge sharing Idea based on my study of Indicators which i follows...
IEX : Price showing after Bonus Adjustment......
Daily : Near 50 DMA (Support 235 Resistance 280)
Weekly : 214 support on weekly closing basis
Monthly : Good Strength
Currently Stock have strong support of 235 on daily time frame as marked for reference
@ which it take support thrice last week n reversed & Same face Resistance @ 280
Once break either side.......it get momentum.......
IEX TRADE SETUP FOR TOMORROW (12th Nov)IEX share testing 793 levels as you can see in the chart after a good upward trend,
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Now stock is testing 793 level and you can see there is a gap between 800-920,
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So if stock goes above 793 you can buy this trade 800 is a strong resistance if stock break the level on tomorrow,
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You can see the good upward momentum in this stock.
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What's your view on this comment below in the box
IEX - Can give good up move above 760.IEX
1. Major Support- 641.
Major Resistance - 950.
2. Past Trend - Up, 3 legged correction.
3. Current Strength - In up as broke previous high of 749.7.
4. Future Trend - This is an uptrend and we are seeing these down moves as part of correction.
We look for signs of strength shift to up to buy in an uptrend.
Break above 760 will mean 2 things-
a. First it broke previous swing high 749.7.
b. Failed to go lower like previous down moves.
Means buyers have become stronger than sellers.
So i will be looking to buy above 760 with stop below previous candle.
IEX - Rebounded from the demand zoneKey Highlights:
1. Bullish market structure on HTF
2. Tapped into the demand zone
3. Massive volume on the creation of the demand zone
4. Retracement on the HTF
Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Rajat Kumar Singh (@johntradingwick)
NSE Certified Technical & Fundamental Analyst
Simple Positional Long/buy trade setup | IEX | short-mid termNSE:IEX
I am posting this as one of the follower on twitter requested for it.
Observations:
1) On daily time frame, we can see it took support from 21DMA and closed above it.
21DMA is placed at 733.66 level.
So we can say that immediate support range is 730-733 level range.
Please refer below chart : 1 day Time Frame.
Also if we apply FIB retracement then we can see 755 level is immediate resistance range.
Major support is at 693 level range.
Please refer below chart : 1 day Time Frame.
Major Breakout level is 800 level.
Please refer below chart : 1 day Time Frame.
It will be good bullish only on sustainable breakout of 800 level.
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For Positional trade one can take long trade from CMP with SL of 690 and target of 755-785 and ultimate 800 level.
Once it sustain above 800 level then one can take new fresh long postional trade.
I prefer to not have intraday in this stock, as there are also other stock which are better then this at this moment for intraday.
19/10/2021 Research Report For IEXDisclaimer:
I am not SEBI registered person and this is not an investment advice and also please note this is only for education purpose. Also note we can use this research for my own portfolios. So don't influence yourself by this research. Please note before investing according to this educational research, please do your own research and also do take advice from your financial adviser before invest any single rupee. Your any profits and loss are totally your liability. No one is liable for that. Also, please note we will not never compensate your any loss. So before investing any single rupee, please do your own research according to your risk taking capacity and after that do invest and book profits on right time.
Buy at C.M.P (Current Market Price)
Target 1: 1000
IEX Daily Time Frame Analysis Next Rally or CorrectionIEX Daily Time Frame Analysis Next Rally or Correction
- So IEX has given a good rally again and now resting it is a good resting zone for it before breaking into 3 digit numbers
- It can play in the range of 750-800 for a while making a strong base
- Lookout for volume when it is crossing 810 to ride a good rally
- As long wicks are showing there is a good fight between bulls and bears
- A good news can push it up
KEEP YOUR EYE ON IT
*NOT AN INVESTMENT ADVICE JUST MY VIEWS*