IEX AnalysisFOR LEARNING PURPOSE
INDIAN ENERGY EXCHANGE - The current price of IEX is 179.65 rupees
I am going to buy this stock because of the reasons as follows-
1. Its coming out from a good consolidation base
2. Its making a new high in 2 years and coming out from a long base of 2 year
3. It is showing better relative strength as it stood strong in volatile times
4. The risk and reward is favourable
5. This stock has underperformed in last 3 years (where many were making ATHs, this was not making) but now, its showing some signs that it can do good and now probably it can act as leader for next few weeks
6. The latest result has been ok (not that great)
7. This stock did great in 2020-2021 and then went into correction which was much needed
I will buy it with minimum target of 35-40% and then will trail after that.
My SL is at 153 rupees
I will be managing my risk.
