IEX
LNA on BoB, SAIL, BHARTIARTL, CONCOR, FACT, TVSMOTOR and MoreLNA stand for Late night analysis
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👑 Terms used if you don't know :
✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa until one of them wins
✣ Structure and trend: Two types of trends that exist in the market today are uptrends and downtrends. Each type of trend tells a different story and has its own impact on a trader's success in the market. While uptrends show a series of higher highs and higher lows, downtrends show lower highs and lower lows
✣Breakout: Breakouts are commonly associated with ranges or other chart patterns, including triangles( HERE WE WILL SEE THIS ONE ), flags, wedges , and head-and-shoulders. These patterns are formed when the price moves in a specific way which results in well-defined support and/or resistance levels. Traders then watch these levels for breakouts
✣ RSI DIVERGENCE: A bullish divergence occurs when the RSI creates an oversold reading followed by a higher low that matches correspondingly lower lows in the price. This indicates rising bullish momentum, and a break above oversold territory could be used to trigger a new long position.
✣ Supply/ Demand: In the supply zone , the prices are higher than the bid price, and in the demand zone , they are lower. The bid price is what a trader is willing to pay for a stock
👑 Important levels - explained well
👑 Comment your thoughts and queries regarding anything on this analysis of mine, feel free buddy :)
⌛ Motivational and psychological area ⌛
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
🎓🎓 Some info about me :)
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
FY21-22 Swing Trade Idea #91: Long on IEX This is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
Indian Energy Exchange Ltd - Fundamentals & TechnicalsINDIAN 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 India while also enhancing the speed and efficiency of trade execution.
Let’s look at some facts and figure of the company:
Fundamentals:
> It is a small cap company with a market cap of Rs. 10,786 Cr.
> The company have ROCE - 60.4% and ROE - 46.7% which is very impressive.
> Stock P/E is at 50.5 which makes the valuation a little costlier.
> The company has grown on an average rate of 16% over last 10 years.
> It is almost a debt free company that is great about it.
> Topline and bottomline both very impressive.
> FIIs and DIIs have good among of holding in the company and they have also increased their stake on year on year basis.
Technicals:
> Stock looking very good on chart, major long term trend is in uptrend.
> Trading above 100 and 200 DMAs.
> Stock is retracing a little in short term which is expected as it has given huge runup continuously since Jan 21.
> It is clear from volume at the bottom that lot of accumulation is going on in the company.
Considering all the points mentioned above it is clear that this is a fundamentally very strong company with good technicals.
Fresh Buy - As the stock is retracing in short term, wait for sometime, let it come down, take the support, buy on trend reversal (when comes in uptrend again) which is expected to happen in the zone of Rs.335–340.
Old Buy - HOLD
Negative divergence and then positive reversal complete.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.
IEX - 2 TO 3 MONTHS CHARTSHeavy 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 !!