IEX trade ideas
IEX long term investment idea here is my IEX long term view as one should invest only after 4 months as it is in the decline phase and about a year after investment it will break its high of 335 and boost up to 400
my value price for the stock will be 125 to 130 and target 400 and invest for a year up to mid-2023 or 2024 starting
#IEX #indianenergyexchange Support levels NSE:IEX
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
(PRZ :- Potential Reversal Zone, SL :- Stop Loss, TF :- Time Frame)
PRZ 1 :- 180.55
PRZ 2 :- 180.50
SL :- 167.50 (Closing Basis)
Target 1:- 187
Target 2:- 192
Target 3:- 192 and more Trailing basis
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
DoubleTop Pattern at IEXBe Cautious #doubletop #Pattern (trend reversal ) at #IEX weekly chart.
A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs. It is confirmed once the asset's price falls below a support level equal to the low between the two prior highs.
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (DONT TRUST ANYONE)
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #kukiinvest #Chartanalysis #headandshoulders #doubletop #doublebottom
IEX MIGHT SEE A SELL OFF IN UPCOMING DAYSIEX is looking good to short
Technical reasons for the trade
1. The stock is resisting and taking support from the trendlines which are in color
2. The stock took support from a red trendline 2 times now it is trading near that trend line so it might break it and also it is trading near its 200ema so this might also be broken.
3. The stock formed a bearish flag pattern and recently it had given a breakout.
Fundamental reasons
1. Due to the US market crash we could expect a small correction in the upcoming days.
2. Due to LIC IPO the market will see a sell-off.
3. The recent results of the stock are also bad so there is a bad sentiment in the market.
So, we must short it when it breaks it 200ema and the pattern height could be taken as a target.
Waiting for reaction IEX 15MinThis is my trading journal, not a trade recommendation.
Compression (Inside bar) after Action. If breaks upside from this compression, reaction will be equal to action. To every action there is equal and opposite reaction.
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.
IEX Indian Energy Exchange Analysis !!📈 IEX ( Indian Energy Exchange ) 📉
Today broke out from a downtrending Trendline Zone on closing basis.
On Buy Side I am looking for Targets of 238, 266 followed by 295.
StopLoss should be kept at close below 216.
It offers 1:5 Risk To Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.