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...
Ideal entry once retest of the support of successful on EOD basis may decide to wait this one out as all indicators extremely bullish this could easily turn into a short trade given certain conditions met Target - 22940 SL 18480
i was BANNED for violating house rule so i am republishing again without any alteration Sold @ 198.95 Target @ 185.85 Points Earned = 13 lot size = 4300 profit booked =56,330 per lot
Inconclusive but good triangle formed. Watch out for the support and resistance zone. Look to go long only if it breaks the resistance zone.
200 EMA HOURLY RESISTANCE. IF NIFTY ENTERS THE GAP IT WILL FILL THE GAP WITH RESISTANCE AT 11020. IT WILL A SIMPLE TRADE. VIEW ON NIFTY MIGHT BE LONG IF HEALTHY BREAKOUT GIVEN OF 200 EMA.