IONEXCHANG:- Ascending triangle pattern has formed, keep your eye on the stock
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Bullish gartley pattern completed on daily TF. Potential targets on reversal marked with Fib retracement of CD leg.
Also, a major demand zone is present at reversal levels. Stochastic RSI and RSI 14 indicate reversal too.
Company is focussed on water treatment for municipal and industrial users. The company has completed more than 6000 projects and is present across more than 30 countries.
Having globally customers, bright future in water treatment due to natural climates.
If anyone have more than 7yeras holding patience then Add in your portfolio my tgt for 5 yeras is 1000++ on...
Technically:
1)Broke-out from Stage I - Consolidation (approx. one year) with good number of Volumes.
2)Entered into Stage II - Uptrend.
3)Support around 30 EMA.
Fundamentally:
1)Posting amazing QoQ & YoY results.
2)Almost Debt free.
3)EPS & ROCE increasing with good numbers.
Great stock to watch out for!!!
Strong potential candidate which will hwlp us on water crises
Add on every dip
Technically forming Cup n Hnadle Pattern
we can see good upmove above 1470 closing
Hold for 1550 1650 1750++ soon
Sl 1350 strict
Note- Before taking any entry exit please concern with your financial advisor
Thank you
