IEX trade ideas
Ascending Triangle Pattern on Indian Energy Exchange Ltd.IEX Ltd. experienced a consolidation of one month. This consolidation has the ascending support line forming the ascending triangle. The daily chart of IEX Ltd. has given an upward breakout to the ascending triangle on 12th March 2021. This breakout signals the continuation of the existing uptrend. I anticipate the first price target of Rs.375 and suggest the stop loss at the level of Rs.317. The stop loss should be trailed by the rule of downward crossover of the 5 EMA to 26 EMA.
IEX - Trendline acting as support after breakoutIEX had a breakout from trend line yesterday which is not acting as a support now.
For education purpose only.
IEX breaking trendlineIEX is breaking the trend line, can see the stock making meaningful gains in next few days.
For educational purpose only.
IEX WEEKLY CHART VIEW!!#IEX WEEKLY CHART VIEW!!
Indian Energy Exchange Ltd. has formed a shooting star candle in the weekly chart and likely to test breakout zone of 215-220 zone.
Technical parameters looks quite positive as of now and suggest bounce in the near term till the above support remains intact.
Keep a watch.
IEX - Perfect double bottom. Ready to blastBuy Above 220 Daily closing basis. This is a techno-funda pick.
#IEX WEEKLY CHART VIEW!!#IEX WEEKLY CHART VIEW!!
Indian Energy Exchange Ltd. is trading right below the weekly resistance zone and momentum breakout to take place above 220 level.
Technical parameters looks neutral to positive as of now.
Keep a watch
FORMING DOUBLE BOTTOM PATTERN It is forming double bottom pattern that shows bullishness..
KINDLY CONSULT YOUR FINANCIAL ADVISOR BEFORE INVESTING ..
