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...
PIDILITE Industries has been in my portfolio from the very beginning. I added this stock when I had no knowledge of technical or fundamental analysis but knew it was a monopoly stock and was in an uptrend. Bought @1773 and still holding it.
IEX is a monopoly business and breakout in this stock should not be missed. today's volume was highest ever recorded after the listing day. a long run is expected in this one. my final target would be 1000
We can appreciate a triangle pattern in the script. Follow the support and resistance trendlines for positional trade.
Fundamentally, the only Adani stock with a PE ratio of less than 30. Good to hold in one's portfolio.
Technically, the stock is good to buy around 660 to 675 levels. I'm bullish with Adani stocks..
Make your analysis and enter the trade. Risk...