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Indian Energy Exchange Ltd.Indian Energy Exchange Ltd.Indian Energy Exchange Ltd.

Indian Energy Exchange Ltd.

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IEX trade ideas

IEX FORMING ROUNDING BOTTOM CAN BECOME 4X IN LONG TERM The stock has been forming a rounding bottom pattern on the weekly timeframe the 2 stages are completed which are the downtrend and the consolidation and now the stock is ready for the uptrend also the pattern is quite similar to that of zomato and amaraja batteries of which both are trading at lifetime high now If we look fundamentally at the stock the stock has monopoly and pretyy dominant position in its sector and revenue growth seems to be uphill profits are highest ever but the price has not showed any movement yet Targets are mentioned on the chart
NSE:IEXLong
by keshavmaharaj958
Amazing breakout on Weekly / Daily Timeframe - IEXCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED! NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!! #No complicated chart patterns #No big big indicators #No Excel sheet or number magics TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME. PS: No new Nifty500 script can escape from me when making a breakout. :-)
NSE:IEXLong
by Yoyohoneysingh93
Is IEX ready for a 100% upmove? Charts says YESIs Indian Energy Exchange (IEX) all set to fire up? We are expecting big targets based on the following key technical points: Great Correction (Fib): The price underwent a deep correction of more than 61.8%, almost reaching the 0.786 Fibonacci retracement level from the top. Price Action Structure Change: The price has changed structure since it broke the previous high on the monthly time frame and sustained weekly candle. Ichimoku Confirmation: There is a strong TS & KS breakout, and it looks poised to break the cloud as well. A strong base has been created, and a breakout has occurred. Fib Channel + Fib Extension: The price respected the channel bottom and reversed strongly. Based on the channel targets, there is a high chance of hitting 360+ in the coming months. Wave Analysis and Targets: The stock is in either Wave C or Wave 3. The minimum targets for Wave C are 287 (61.8%) and 394 (100%). Any move beyond this is a bonus. Use Ichimoku (Daily Time Frame) for Higher Profits: Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
NSE:IEXLong
by WaveMoku
Forecasting IEXAfter the recent fall in IEX, the stock is finding support at 117 levels which also happens to be March 2021 consolidation levels. Basis the Elloitt wave analysis, the stock seems to have finished all its negative wave on the weekly charts and thus waiting for a trendline breakout above 141. In the event, it will be correct to say stock has bottomed out and is ready to start the motive wave. However, in case the stock doesn't hold the levels, it will drift down to 73 levels which also happens to be the pre-covid consolidation zone which at this point seems unlikely mainly due to the below technical reasons. 1. The RSI is pulling back above from the oversold zone. 2. CMF shows a bit of volume accumulation at the lower levels. Now a big question assuming IEX hit the bottom, how much and by when it will reach it all time highs? Taking the base of Dec'2020 when IEX broke its consolidation zone. The 1st length of the bullish wave was nearly 57% and considering the Fibonacci pullback of 0.23 from the peak, the levels matches to 161 that is going to be the Target 1. Now, sustaining these levels the stock will form cup and holder formation with the delta of 26 points adding to 161 that will take the stock to 187 where the stock will finish its wave 1. A small correction will likely be possible at those levels till the Fibonacci retracement of 0.38 from where the stock possibly will start its longer 2nd wave and this time the targets will be 230. After that there can be a final wave which will complete the rounding bottom which possible will take the stock back at 300 levels also happens to be the previous all time high. The complete formation will possibly take around 680 days to complete- Thus, my personal suggestion is to hold the stock
NSE:IEXLong
by CA_Chetanbhasin
IEX Rounding Bottom PatternIEX has formed a bullish chart pattern called Rounding Bottom. A rounding bottom, also known as a saucer bottom, is a technical analysis pattern that signals a potential reversal from a bearish to a bullish trend. It is characterized by a gradual decline in price followed by a gradual rise, creating a shape resembling a "U." Here's a detailed guide on how to trade this pattern, inspired by principles often discussed in trading academies like Arvind Share Academy: Identifying a Rounding Bottom Formation Period: This pattern typically forms over a long period, ranging from several weeks to months. Here it takes approximately 2 years Volume Analysis: Volume usually decreases as the price declines and remains low during the bottoming process. As the price starts to rise, volume typically increases. Pattern Shape: The price action creates a U-shaped curve, indicating a gradual shift in sentiment from bearish to bullish. Trading Strategy for Rounding Bottom 1. Confirmation of the Pattern Wait for the price to break above the resistance level formed at the beginning of the rounding bottom. This breakout confirms the pattern. Increased volume on the breakout reinforces the validity of the pattern. 2. Entry Point 180 Enter the trade when the price closes above the resistance level on strong volume. Some traders may wait for a pullback to the breakout level to enter a trade for a better risk/reward ratio. 3. Setting Stop-Loss below 160 Place a stop-loss order below the lowest point of the rounding bottom to protect against false breakouts. Alternatively, a more conservative approach is to place the stop-loss below a recent support level after the breakout. 4. Profit Target 280 Measure the distance from the lowest point of the pattern to the resistance level. This distance can be projected upwards from the breakout point to estimate the potential price target. Some traders may use trailing stops to lock in profits as the price continues to move in their favor. 5. Monitoring Volume Continuously monitor volume to ensure it supports the price movement. Declining volume during the breakout or subsequent uptrend can signal weakening momentum. Thanks & Regards Arvind Yadav, Cfa Arvind Share Academy
NSE:IEXLong
by Arvind_Share_Academy
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