NSE:IEX Stock Near Strong Supply Zone, if it cross the supply zone and gives the breakout with good volume and we can expect on good swing in the upside direction till R1 level.
Date : 27-02-2024
Buy IEX above 147.50
Target of 148-150-152-153
SL 74
Strategy : Intraday levels + Symmetrical Triangle
Duration Intraday
Please consult your financial advisor before investing
All research for educational purposes only.
In the Weekly Chart of IEX ,
we can see that, it has started to be bullish with strong candle.
let it retest the range and then enter with SL and Target
Expected momentums is shown in chart.
price bouncing from trendline and 18 ,50 day EMA
shorter EMAs are stacked above longer EMAs suggestive of upward momentum
Target and SL marked
heat waves expected ..IEX can have surge in volumes
Buy IEX at 155.25 sl 145 tgt 175, 191
Put Stoploss on closing basis.
(In Trading Time it may go above/below stoploss But closing price is most important).
These are levels are generated on the basis on Fibonacci Series
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Please understand Risk...
IEX is forming a Rounding Bottom Formation. In the short term it is moving in a Rising Parallel channel.
Long Term Target that can be expected is around 275 -300 in a years time provided there is no untoward news.
Trade Active. Entered @ 141.35
We can see a change of character , with the weekly breaking about above 160 range.
Some consolidation or test of SR at 160 would give oppoortunity to add lower.
No significat resistance / supply zone till 200. That would be the first target.
Above that we can see the Fixed Range Volume Profile - giving us the next supply block around 255-260.
I expect this move...
iex a fundamentally well sound company. In past showed great momentum as returns. i recommend it as a good long term investment and consider as getting gold at the price of pelts.stock is adjusting its price since more than a year now after taking support at its all time low and showing signs of change in its trend as wells as consolidations. investors can...
