IEX trade ideas
IEX ready for bounce Iex is near its bottom buy between 106 to 116 stoploss 100 & only for short term
Analyzing the Recent Plunge of (IEX) Stock and Technical OutlookIndian Energy Exchange (IEX) is a licensed Power Exchange in India that facilitates spot trading of electricity and renewable energy certificates. It operates an automated platform for the trading of electricity units for physical delivery. Recently, the stock price of IEX has experienced a significant decline, possibly due to the Central Electricity Regulatory Commission's plan to initiate market coupling. This process aims to establish uniform prices across multiple electricity exchanges.
From a technical perspective, the stock appears bearish, suggesting caution for investors considering entering at current levels. It may be advisable to wait for the stock to reach around 98-100 levels for potential buying opportunities, as this zone represents a harmonic potential reversal zone. There is a possibility of a bounce from these levels, but it is recommended to consider a long-term perspective for such investments.
IEX STOCK COMPLETE TECHNICAL ANALYSIS BY ELLIOTT WAVE THEORY,IEXIEX STOCK COMPLETE TECHNICAL ANALYSIS BY ELLIOTT WAVE THEORY, IEX WILL BE consolidated & it will makes a terminal pattern or triangle pattern
On my watchThis 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 low afterwards.
Upward pushing is visible, probability w.r.t upward bias is more.
Trade Plan:
First entry after breakout of 167 - one lot (aggressive entry)
Stop loss below CAP (164)
Second entry after upward price action (break of prior swing high) - one lot (conservative entry)
Stop loss below CAP.
1st Target 174
2nd Target 182
DISCLAIMER:
Trading in the stocks market or futures markets is on e of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market.
This is one person’s experience, your experience may differ. Past performance is not guarantee of future gains.
Breakdown in IEXIEX Share has broken down and may take support at 130 levels. However, the breakdown is due to fundamental issues and thus, one needs to take a closer look before jumping in. Coupling has been announced and this means that IEX will be hurt when it comes to price matchmaking. Even though IEX is more or less of a monopoly, margins might be under pressure due to new policy change.
IEXNice setup after results still holding good, closing above 160 on daily charts will confirm move till170 to 175.
IEXPushing towards upside after FIBO retracement, the stock is also in weekly & monthly demand zome.
Good for long term
#IEXCrossing the level 154.80 to be watched
If crossed then position is exited
Stock moved to Q3 RRG
IEX - #intraday Chart Analysis || 11th May,2023 #stocksAnalysis Criteria Used:
1. Please find the Chart Analysis done for the Intraday Trade Idea levels for 11th May, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
#sharemarket #stockmarket #nifty #sensex #investing #trading #nse #bse #stockmarketindia #stocks #indianstockmarket #investment #stockmarketnews #banknifty #finance #money #intraday #intradaytrading #investor #niftyfifty #dalalstreet #sharemarketindia #sharemarketnews #stockmarketinvesting #business #sharemarkettips #stock #india #indiansharemarket #rakeshjhunjhunwala #bhfyp #mumbai #share #wealth #investment #market #invest #trading #investing #finance #FinancialFreedom #investor #trader #stocks #profit #investors #economy #equity #shares #nifty #stockexchange
DISCLAIMER:
.
* Please do your own research and/or contact your financial advisor before taking any trading opportunities
** We will not be responsible for your profit or loss
*** We are NOT SEBI REGISTERED
______________________
best stocks to buy today
best stocks to buy now
best stocks to buy
best stocks for Intraday tomorrow
best stocks for long term investment
best stocks to buy today india
best stocks for swing trading
swing trading strategies
swing trading beginners
what is swing trading
swing trading stocks
swing trading stock selection
swing trading kya hai
nifty analysis
nifty view
bank nifty analysis
top stocks to buy now
strong stocks
nifty view
nifty prediction
stock market view tomorrow
bank nifty Levels
bank nifty prediction
share news
stock market news
best stocks to buy now
profit booking stocks
multibagger stocks in discount
breakout stocks
best short term stocks
best short term shares
next multibagger stocks
Breaking Down the Technical of IEX Stock: Is it Time to Buy?In this technical analysis of IEX stock, conducted by technical analyst Afnan Tajuddin, we break down key levels and demand zones to identify a potential buy opportunity and provide a trade plan for maximizing profits. Please note that this analysis is for informational purposes only, and should not be considered as investment advice.
1. Trend Analysis: IEX stock has been in a downtrend for many months, and the downtrend line was broken on 20th February 2023 with good volume. The stock rallied until the strong supply zone of 154, which has been holding the price down for months.
2. Key Levels: The stock price has fallen several times after testing the 154-155 levels. After the downtrend line breakout, the price went up until the 154.60 level and fell sharply till 125 on 29th March 2023. The 125 level is coming under monthly demand zone and this level is a retest of the previous downtrend line breakout as well.
3. Price Action: The price has reacted from the monthly demand zone and the retest of the downtrend line. We can see a big rally of 21% in only 5 days with significant volume, and the level of 155 also got broken. Now, the price is coming down to test the breakout of the supply zone with very low volume.
4. Trade Plan: We can plan our buy trade above 153.5 as a retest of breakout and RBR demand zone, with a stop loss below 148. The first target can be set at 162 and the second target can be set at 172.
5. Exit Strategy: After reaching both targets, it's recommended to extend the targets and trail the stop loss to lock in profits and stay in the trade for further potential gains. This strategy can help to maximize profits while minimizing potential losses.
6. Request: If you like this analysis, kindly like it and for more analysis follow me on TradingView. If you have any questions or comments about this analysis, please ask in the comments box below
7. Disclaimer: This analysis is for informational purposes only and should not be considered as a buy trade call or investment advice. I am not a SEBI registered analyst. Before making any investment decisions, please do your own research and analysis.
Overall, based on the technical analysis, the IEX stock looks like a good buy opportunity at current levels with a potential for a significant upside. However, as with any investment, there are risks involved and it's important to consider your own risk tolerance and do your own research before making any investment decisions.
IEX TREND REVERSAL All things I shared in video kindly listen carefully mates, targets I am sharing by image for easy remembrance.
TARGETS-:
STOP Loss-: Below yesterday candle low and that is 135.05 so our stop must below then 135
50 DMA, supertrendIEX high beta stock at fair valuation PE 45
Buy for the long term, and hold till the NSE:IEX super trend become negative again
IEX Ready To Double In Price?1) IEX has returned back to its origin after the push to the upside.
2) After successful retracement and some consolidation it is ready for another bullish run to the upside possibly for a new high
#IEX ! #Bullish mat hold IEX on weekly charts forming bottom line descending triangle and on the daily charts forming Bullish mat hold
IEXThe stock had cleared its prior peaks around 152.
Now, the prices have formed a Flag Pattern after a strong rally from the low of 128.
Hence, a similar strong rally could be coming ahead, which could drive prices to 170.
Bullish View remains valid as long as prices stay above Rs.150.
IEX BOTTOMED OUT ???A strong potential stock to be kept on each watchlist. Wait for a confirmed breakout
IEX BREAKOUT RETACEMETBUY IEX only above todays doji formed candle valid for only one day if it dosent crosses doji high next day then the setup is deactivated,As it ia in support retracement+breakout+doji formation go for buyyyyyy with 1:2 as target minimum
IEX TREND REVERSAL PART 2IEX is looking good above 134.50 above a day close for the target of 142 and 148 levels with the stop loss of below close from 129 levels on daily candle basis, Rest all things I mentioned in video.
NOTE-: This is not and trade or investment advice. This idea is meant for learning only. Invest your capital at your own risk
𝐑𝐞𝐠𝐚𝐫𝐝𝐬-: 𝐀𝐦𝐢𝐭 𝐑𝐚𝐣𝐚𝐧
