iex was very good for long, on break and sustain we can see goodiex was very good for long, on break and sustain we can see good move
IEX trade ideas
IEX showing good move upwardsThe news side:
IEX is to commence trading on GTAM from this Friday, 21st August 2020, which gives the stock good support as well as a boost for a good upward movement.
The levels:
The 196 level seems cautious, may work as resistance.
However, the latest formed depth of head & shoulder pattern gives a target of 200+
POTENTIAL BREAKOUT TRADE A good accumulation is seen in last few trading sessions and stock is hovering around its breakout zone. A good volume addition in today's session and strength in RSI clearly depicts uspide potential in upcoming sessions if it crosses and sustain above its key level of 200.
Wait for the right price action before entering into a trade.
Disclaimer: Take this view for educational purpose. Trade on your own risk.
Happy trading. Happy investing!
Indian Energy Exchange Ltd. - WEEKLY CHART!Indian Energy Exchange Ltd. bounced from weekly support zone and likely to stay positive until it stays above 170-175 zone.
Technical parameters looks neutral to positive as of now.
Probable resistance in the medium term comes at 195-200 zone.
Keep a watch.
IEXhigh confluence trade..
RSI pstve Div. on daily n weekly
Fibo support at 170
100EMA spprt at 168
Strong weekly supprt at 170
RS turning to pstve
SL 168
tgt 190-200+
IEX LONGIEX is a fundamentally strong stock.
as per Fibonacci, it can reach rs 200 .
CMP 183
TARGET 200
STOPLOSS 162.
Intraday PickVery high momentum stock.
If you are not front of trading screen please do not initiate the trade .
Indian Energy Exchange Ltd. - AnalysisIndian Energy Exchange Ltd. IS consolidating in a penNant pattern in the hourly chart and likely to stay weak until it stays below 145-147 zone.
RSI too facing resistance from 50 levels which suggests probable weakness in the near term.
Keep a watch.
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The analysis done on the charts is based on current data & my personal observations.
All the information presented is for educational purposes only.
Please consult your financial advisor before investing.
Short Term Cash Market: Indian Energy Exc LtdIEX is crossing its major supply zone in weekly chart. Now strong support @ 150-160 zone.
If it will sustain above 177 then it may test 195-200-210-220.
Indian Energy Exchange VCPIndian Energy Exchange has come out of a volatility contraction pattern with 3 contractions over the period of almost 9 months.
The low volume on bounce back of close to 4% from resistance level on 31 August is implying very less supply and more demand.
Energy Exchanges and Stock Exchanges a safe bet for the FutureEnergy Exchanges and Stock Exchanges a safe bet for the Future
