IEX - POSITIONAL AND SHORT TERM IDEAThe Chart Shows my Trade which i took on 06/04/2021..
Simple Chart.. Hot Stock.. Retest seems to be done.. may be false too..
Market if sustains , can achieve targets very fast !!
IEX trade ideas
IEX#IEX
#nitishvanaparthi
From Feb 12- Mar 10 price compression has happened and have seen a multiple Inside Bar candles.
12th Mar, BO has happened with very high volume showing the strength.
While retesting the BO level, volumes are less
RSI showing Hidden Bullish Divergence.
IEX on SupportIEX on support, it could either break it and take support on rupees 320, Fibonacci retracement level of 38.2%, or hold the support and move up. Watch for maintenance or breach and take a call accordingly!
Ascending Triangle Pattern on Indian Energy Exchange Ltd.IEX Ltd. experienced a consolidation of one month. This consolidation has the ascending support line forming the ascending triangle. The daily chart of IEX Ltd. has given an upward breakout to the ascending triangle on 12th March 2021. This breakout signals the continuation of the existing uptrend. I anticipate the first price target of Rs.375 and suggest the stop loss at the level of Rs.317. The stop loss should be trailed by the rule of downward crossover of the 5 EMA to 26 EMA.
IEX - Trendline acting as support after breakoutIEX had a breakout from trend line yesterday which is not acting as a support now.
For education purpose only.
IEX breaking trendlineIEX is breaking the trend line, can see the stock making meaningful gains in next few days.
For educational purpose only.
IEX WEEKLY CHART VIEW!!#IEX WEEKLY CHART VIEW!!
Indian Energy Exchange Ltd. has formed a shooting star candle in the weekly chart and likely to test breakout zone of 215-220 zone.
Technical parameters looks quite positive as of now and suggest bounce in the near term till the above support remains intact.
Keep a watch.
