IEX trade ideas
IEX trading in the zome.IEX is trading in the zone since 6-7 trading sessions. A breakout above 380 with good volumes can lead to new All time high. It will be weak below 360 levels. Keep an eye for breakout with huge volumes above 380.
Indian Energy Exchange (IEX) for Mid-term to Long-termImportance of Analysis:
1. Bullish market structure
2. Triangle Pattern and trendline Support
3. Trendline breakout or Resistance zone breakout
4. Good Market Sentiment and strong fundamentals of company with good order book
5. Resistance zone: 380 to 384
6. Support: 365 to 368
7. Target: if upper side breakout:
Short term: 400-425
Mid-Term: 425+
Long-Term:450+
8. Target: if lower side breakout: i.e. 365 and trendline breakout is confirmed
level1: 360 / 353/ 343
9. Stop loss: Anywhere between 10-30 pts (According to your Risk appetite)
10. You can go to smaller time frame for more details
Disclaimer: we are not SEBI registered, this is only for education purpose so please take advise from your financial advisor, invest at your own risk.
NSE:IEX
IEX wait for break outIEX is in uptrend .if u can wait for breakout its a good opportunity to go long
IEX - refusing to go down should start its upmoveIEX - it is not going down 360 sounds like strong support. It should start its upward move towards 400. Might consolidate for a week before it’s upmove
IEXSWING TRADE:
IEX, pure monopoly and break very strong resistance today.
Also moving in channel.
Buy now for the target of 425 - 430.
IEX is potential candidate of min 10% target IEX has failed to close above 401.55, this time it will probably close above 402 and touch new swing high.
Long lower tail, higher high and higher lows for last 4 out of 5 days, volume is also good, expecting a BO.
IEX: Harmonic PatternPattern is Bearish AB=CD, but here i am showing the beauty of opposite side of pattern.
AB = CD Harmonic Pattern
This pattern can be adopted to buy when prices are low and sell when they are high. But, here i am using it in Bullish view because it's CD leg is about to complete.
Few general points about this pattern are:
1. AB=CD is a reversal pattern that helps you identify when the price is about to change direction.
2. In an uptrend, the first leg (A-B) is formed as the price rises from A to B.
3. At point B, the price changes direction and backtracks to form the B-C leg – ideally a 61.8% or 78.6% retracement of the price increase between points A and B.
4. The price then, should continues its original uptrend, to form C-D leg which should be the same length as the A-B leg.
5. Place your stop loss just below 51 Moving Average.
Draw a new Fibonacci retracement from point B to C of the pattern to find how much it can retrace towards price rise.
IEX, Swing TradeTaking support at 50MA
Swing Trade can be done.
Mentioned in Chart. Daily time frame.
Note: not sebi registered. Do your own due diligence before taking trade.
buy call for short term target:_380, add more if it fall upto 330, keep stop loss below this level/ hold it for long term
IEX CMP 355 LongIEX CMP 355 Long for 385, 413 and 450 with Stop loss of 343 Daily closing Basis.
I am not sebi registed analyst share the idea only for information and eductaion purpose please consult your financial advisor before investing.
Thanks
Indian Energy Exchange Ltd - Fundamentals & TechnicalsINDIAN ENERGY EXCHANGE LIMITED (IEX) is the first and largest energy exchange in India providing a nationwide, automated trading platform for physical delivery of electricity, Renewable Energy Certificates and Energy Saving Certificates. The exchange platform enables efficient price discovery and increases the accessibility and transparency of the power market in India while also enhancing the speed and efficiency of trade execution.
Let’s look at some facts and figure of the company:
Fundamentals:
> It is a small cap company with a market cap of Rs. 10,786 Cr.
> The company have ROCE - 60.4% and ROE - 46.7% which is very impressive.
> Stock P/E is at 50.5 which makes the valuation a little costlier.
> The company has grown on an average rate of 16% over last 10 years.
> It is almost a debt free company that is great about it.
> Topline and bottomline both very impressive.
> FIIs and DIIs have good among of holding in the company and they have also increased their stake on year on year basis.
Technicals:
> Stock looking very good on chart, major long term trend is in uptrend.
> Trading above 100 and 200 DMAs.
> Stock is retracing a little in short term which is expected as it has given huge runup continuously since Jan 21.
> It is clear from volume at the bottom that lot of accumulation is going on in the company.
Considering all the points mentioned above it is clear that this is a fundamentally very strong company with good technicals.
Fresh Buy - As the stock is retracing in short term, wait for sometime, let it come down, take the support, buy on trend reversal (when comes in uptrend again) which is expected to happen in the zone of Rs.335–340.
Old Buy - HOLD
Negative divergence and then positive reversal complete.A bearish(Negative) divergence occurs when the price makes a higher high and RSI makes a lower high.
A Positive Reversal occurs When the price makes a higher low while RSI makes a lower low. Price proceeds to rise. Positive Reversals only occur in Bullish Trends. Positive reversal trendlines are drawn on lows.
