IONEXCHANG:- Ascending triangle pattern has formed, keep your eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the...
Bullish gartley pattern completed on daily TF. Potential targets on reversal marked with Fib retracement of CD leg.
Also, a major demand zone is present at reversal levels. Stochastic RSI and RSI 14 indicate reversal too.
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Ion Exchange hits new high; gains 6% in two days on securing IOCL order
In the past one month, the stock price of Ion Exchange has zoomed 41 per cent, as compared to 2.7 per cent rise in the S&P BSE Sensex.
Shares of Ion Exchange (India) hit a new high of Rs 2,949, up 1.5 per cent on the BSE in Tuesday’s intra-day, surging 6 per cent in past two days after the...
INVESTMENT ALERT
I was inactive in giving stocks as markets are at risky positions and sitting out of it is the best thing we can do for now.
for investment,
"Ion Exchange Of India" has came to my watchlist as the fundamentals of the company has turned drastically good.
This stock may show greater upside in coming future
Technically:
1)Broke-out from Stage I - Consolidation (approx. one year) with good number of Volumes.
2)Entered into Stage II - Uptrend.
3)Support around 30 EMA.
Fundamentally:
1)Posting amazing QoQ & YoY results.
2)Almost Debt free.
3)EPS & ROCE increasing with good numbers.
Great stock to watch out for!!!
Strong potential candidate which will hwlp us on water crises
Add on every dip
Technically forming Cup n Hnadle Pattern
we can see good upmove above 1470 closing
Hold for 1550 1650 1750++ soon
Sl 1350 strict
Note- Before taking any entry exit please concern with your financial advisor
Thank you
ION EXCANGE, is a fundamentally good company.
It has given a weekly breakout & took support on the trendline.
It can go on consolidation for 1-3 days before giving a fresh breakout or it may straight forward break the level today.
All levels are marked on chart itself.
ALL ANALYSIS ARE FOR EDUCATIONAL PURPOSE.
