IEX trade ideas
SECTOR BREAKDOWN (FINDING SUPPORTS)Hello friends in Today's session we saw that power related stocks were beaten up brutally major supports are broken for example IEX, Tata Power, Torrent power, CESC and so on, so I studied on these power sector Giants on Daily time frame chart for if they continues to be beaten like this in coming sessions so where the stocks can take supports for this study I used a self made equally weightage Index too because these all above mentioned stocks are related to power sector but as we all know that there is no particular index listed for power stocks, for making this index I am sharing that below.
IEX SUPPORT-:
TATA POWER BREAKDOWN-:
TATA POWER SUPPORT-:
TORRENT POWER BREAKDOWN AND SUPPORT-:
CESC BREAKDOWN AND SUPPORT-:
EQUALLY WEIGHTADED INDEX-:
Hope this idea will help for accumulation or addition of favorite ones from these Good quality stocks.
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
Breakdown in Indian Energy Exchange Ltd...Chart is self explanatory. Levels of breakdown, possible down-moves (where stock may find support) and resistances (close above which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
IEX broke major support (only for Future & Option traders)IEX broke major support, we can take short position at current price with SL @ 133.50 on daily closing basis TGT1 : 120, TGT2 : 116.25
Please choose next month expiry for positional trades.
Note : It's your hard earned money always trade with SL, I'm just sharing my analysis
IEX -- Good days ahead .IEX -- Monthly chart --look like good days ahead,
1. After sharp fall from 300 sub level stock seen above 21 HMA after many months as current month candle . if this candle manage to close above 21 HMA , stock again will be positive zone
2. Rounded Bottom cup form seen , bottom formation seen 125-30 sub level .
3. Near RSI , ema Positive crossover, this crossover will confirm trend reversal .
4, Potential upside 100% From current level ENTRY .. 135-138 target 150-180-200-220 stop loss bellow support level at 115
5. RISK REWARD ratio 1:4 from current level
** THIS IDEA IS FOR EDUCATIONAL PURPOSE .. ** TRADE AT OWN RISK !!
* HAPPY TRADING .!!
IEX long-term viewTrade Idea:
Buy Long term if 200 DMA is broken with Bullish Candle and Good Volume.
Entry:
Let the candle close on 15th March.. Enter above Previous Day Candle High.
Enter with less quantity 25% quantity. Add more as the stock trades above 200 DMA.
Note:
View gets invalid if a Bearish engulfing is seen on next day.
IEX - 100% RETURNS?BUY - INDIAN ENERGY EXCHANGE
CMP - Rs. 152
Target - 1: Rs. 172
Target - 2: Rs. 196
Target - 3: Rs. 246
Target - 4: Rs. 301
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Technicals - Ascending Triangle - Chart Pattern
Bullish Harmonic Pattern
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Follow me for more!
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This post is for educational purposes only. Invest at your own risk.
IEX - Moving to next levelsIEX on recovering path from the recent 130 levels and slowly moving to the next level.
Above 154, if sustains - the immediate target will be 165
Currently trading above most of the indicators on daily/weekly/ monthly time frames.
Looking at this - > Anti Gartely pattern - T1 is touched and reversing. Wait for a close above 154 levels before taking entry.
Please spend time on your own research.
Add to watch list for the opportunity.
IEX - Ichimoku Bullish Breakout Stock Name - Indian Energy Exchange Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 154
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, share & subscribe for daily analysis.
IEX - Ichimoku Bullish Breakout Stock Name - Indian Energy Exchange Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 149
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, share & subscribe for daily analysis.
IEX looks good for Swing Trade on the Daily Chart.Technical Analysis
Figure 1
1) Bollinger Band squeezed and formed a pipe-like structure.
2) Breakout of the upper band.
3) RSI > 6
4) MACD Bullish Crossover and histogram gives the buy signal.
Figure 2
We use Exponential Moving Averages of 20, 50, 100 and 200 periods.
- The averages are expanded.
- The price is testing its 100ema
- The overall structure looks bullish and the price can test its 200ema which is at the level of 155.75
Resistance - 153
Conclusion:
The stock looks bullish. It can test the levels of 153, 155.
Thanks
Er. Simranjit Singh Virdi