This is the perfect time to Buy IEX in very cheaper rate . If Stock break upside then we confirm that . strict with SL also. Look the stock was correct from 52wk high in maximum 30 to 35% . Fundamentalls are strong , promoter is strong , monopolly company.
IEX trend reversaal wait bor bullish candel breakout @170
IEX just shown a big move from trend- line ...it has also made a new low...kind of w pattern at bottom...it is expected to reach a target of 235 soon....risk to reward is 1:3.5 ...
buy above - 169 target- 190 Stop loss- 160 NSE:IEX
basic of fibonacci and swing wise use of fibonacci retracement
This is my trading journal, not a trade recommendation. Idea presented only for educational purposes for me and others who want to benefit from my experience. Keeping the stock on radar for breakout of 167 level. May go for measured move, i.e. doubling the trading range. will take entry once 167 (CAP) is taken out decisively and price action demonstrate higher...
Indian Energy Exch seems like a falling wedge pattern. Now its price at support line, it will bounce towards upward resistance upcoming days. Its good for swing traders. keep target previous swing high.
1. IEX probable reversal zone as per harmonic ABCD & XABCD Pattern . 2. Reversal area/zone :: 155-148 3. Analysis done on Weekly Timeframe. 4. Weekly RSI is near oversold zone, so reversal chances are good. Note : Above analysis is just for educational and learning purpose. It's not a buy or sell recommendation.
It has taken support at 150 levels, and it has formed hammer on weekly chart. risk reward favorable here. we can see rally towards 20WMA. weekly RSI is in oversold zone.
For swing trade IEX looks good... Take small profit and exit this out ... All investment are subject to market risk.. JUST EDUCATIONAL post
IEX is about to Break out and Buy Above 168 and Target 251. There has been change in the holding patterns in last few days. and it indicates FII have beginned their entry middle of this month onwards. 18.07.2022 FII Net Holding 156.08 Cr DII Net Selling 844.33 Cr 19.07.2022 FII Net Holding 976.40 Cr DII Net Selling 100.73 Cr So iam anticipating a uptrend move...
technical points to 143 support , i do not see any recovery before june 2023 / 2024 as main activity in this stock is by FII.
As Seen in the chart there is possibility of reversal as one can see wave C is completed with 5 waves and 5th wave is ending diagonal. So, there is a probability that price can go and touch the median line of the channel which is my first Target & can be pulled back for some time and then further can touch to the upper line of channel. Note - before taking trade...
RSI Bullish Divergence with higher highs, higher lows and Tweezer bottoms are considered to be short-term bullish reversal patterns.
Recently observed divergence in price and RSI value of 15mins chart. plus it seems like a possible M pattern breakout if the price closes below 162. All targets are mentioned on the chart. Do your own analysis before making financial decision. NSE:IEX
IEX near it's 0.618 fib. retracement level with positive divergence on daily timeframe. This stock can be accumulated for short term targets.
I have closed all my trades in IEX at a loss of 20 lakhs, the marketing for this company was very strong on all platforms, but the basics is that this company is a brokerage company ; it does not manufacture anything and it depends heavily on government decisions. Lesson learnt, i will avoid sales pitch on social media in future. CNX Finance index is also falling...
Before all target SL and entry level given chart some missing indicator so repost article.