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INDIAN ENERGY EXCHANGE LIMITEDINDIAN ENERGY EXCHANGE LIMITEDINDIAN ENERGY EXCHANGE LIMITED

INDIAN ENERGY EXCHANGE LIMITED

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IEX trade ideas

IEX - Can give good up move above 760.IEX 1. Major Support- 641. Major Resistance - 950. 2. Past Trend - Up, 3 legged correction. 3. Current Strength - In up as broke previous high of 749.7. 4. Future Trend - This is an uptrend and we are seeing these down moves as part of correction. We look for signs of strength shift to up to buy in an uptrend. Break above 760 will mean 2 things- a. First it broke previous swing high 749.7. b. Failed to go lower like previous down moves. Means buyers have become stronger than sellers. So i will be looking to buy above 760 with stop below previous candle.
NSE:IEXLong
by NaveenGr
1
Simple Positional Long/buy trade setup | IEX | short-mid termNSE:IEX I am posting this as one of the follower on twitter requested for it. Observations: 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 retracement then we can see 755 level is immediate resistance range. Major support is at 693 level range. Please refer below chart : 1 day Time Frame. Major Breakout level is 800 level. Please refer below chart : 1 day Time Frame. It will be good bullish only on sustainable breakout of 800 level. ------------------------------------- For Positional trade one can take long trade from CMP with SL of 690 and target of 755-785 and ultimate 800 level. Once it sustain above 800 level then one can take new fresh long postional trade. I prefer to not have intraday in this stock, as there are also other stock which are better then this at this moment for intraday.
NSE:IEX
by Trading_hawk