In this technical analysis of IEX stock, conducted by technical analyst Afnan Tajuddin, we break down key levels and demand zones to identify a potential buy opportunity and provide a trade plan for maximizing profits. Please note that this analysis is for informational purposes only, and should not be considered as investment advice.
1. Trend Analysis: IEX stock...
The stock may have completed it's correction as it is also down 60% from the top. If price drops further below 129.5, it may extend the correction towards 115. As long as the current low remains intact, it is likely that the stock will continue its bullish cycle.
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
INDIAN 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 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...
Indian Energy Exch seems like a falling wedge pattern. Now its price at support line, it will bounce towards upward resistance upcoming days. Its good for swing traders. keep target previous swing high.
📌 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,...
📈 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...
Indian 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...
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...
IEX share testing 793 levels as you can see in the chart after a good upward trend,
Now stock is testing 793 level and you can see there is a gap between 800-920,
So if stock goes above 793 you can buy this trade 800 is a strong resistance if stock break the level on tomorrow,
You can see the good upward momentum in this stock.
What's your view on this...
I am posting this as one of the follower on twitter requested for it.
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...
IEX (Indian Energy Exchange) stocks given a strong break out today above 454 levels and sustained. Now the stock is expected to move towards 560-580 levels in short to medium term as the stock is in continuous uptrend and short term correction already happened in this counter. The stock is best buy at CMP and below till the breakout levels for...