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 trade ideas
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
