IEX trade ideas
iex long term plan iex a fundamentally well sound company. In past showed great momentum as returns. i recommend it as a good long term investment and consider as getting gold at the price of pelts.stock is adjusting its price since more than a year now after taking support at its all time low and showing signs of change in its trend as wells as consolidations. investors can accumulate this stock for long term. stock looks good above 170 levels.
IEX - Swing Trade - 3rd March #stocksIEX (1D TF) - Swing Trade Analysis given on 3rd March, 2024
Pattern: SYMMETRICAL TRIANGLE BREAKOUT
- Resistance Breakout - Done ✓
- Volume buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #IEX #stockmarket #sharemarket #viral #sharemarketindia #StockMarketindia
IEX ready for a boomboom?looking promising
comment down ur thoughts
Market Cap
₹ 13,514 Cr.
PRO S
Company is almost debt free.
Company has delivered good profit growth of 19.1% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 43.7%
Company has been maintaining a healthy dividend pay-out of 48.6%
CONS
Stock is trading at 15.8 times its book value
Working capital days have increased from -343 days to 87.0 days
Indian Energy Exchange Ltd (IEX)Strong Consolidation & Bottom Pick Stock.
Fundamental:-
Dividend giving stock.
Good ROCE & ROE.
Stock PE is near industry PE.
Debt is less than reserves.
Almost Debt Free.
Technical:-
Demand Zone is marked as green shaded horizontal area.
Resistances are marked as red horizontal lines.
Stoploss is marked as orange horizontal line.
Demand Zone is from 130 to 110, which may act as reversal zone.
Consolidation Zone is marked as skyblue shaded rectangle.
It has bounced back from 200 EMA on Weekly chart. (White)
Its taking support on 200 EMA on Daily chart. (Yellow)
RSI Resistance trendline is marked in Pink colour.
RSI support trendline is marked in Skyblue colour.
Volume is decreasing which indicates that instead of Breakout possibility is of a Dip.
Price may take support on 200 Weekly EMA & RSI may take support on RSI Support Trendline.
So Option 1 is less likely due to less volume and Option 2 looks more logical for IEX.
Expecting a "Rounding Bottom" kind of recovery pattern on the weekly chart for IEX.
Levels:-
Buy 130 - 110
Stoploss 100
Tgt 200 - 235 - 270 -300 - 320
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.
Hope you Like it.
Happy Trading :)
IEX chart as seen by AI regarding market cycleI asked AI on which stage of market cycle (Wyckoff cycle) is the stock in
This is the response .
Please note : "The response is verbatim (copy/paste) as per AI analysis and should not be construed as financial advice"
Analyzing the provided monthly chart for the Indian Energy Exchange (IEX), we can deduce the following based on the Wyckoff Method and the price volume action visible:
Prior Accumulation Phase (2017-2019): The initial period of the chart shows relatively stable price movement with no significant volume spikes. This suggests an accumulation phase where smart money could be acquiring shares without causing price surges.
Markup Phase (2020-2021): The sharp price increase in this period, particularly noticeable around 2020, with accompanying high volume, indicates a markup phase. This is where public participation increases, driven by the bullish sentiment and the actions of the Composite Man pushing prices higher.
Distribution Phase (Mid-2021) : The top formation, characterized by the price reaching a peak with increased volatility and volume, suggests a distribution phase. During this period, larger operators may be offloading their positions to the public, leading to a plateau or range-bound movement.
Markdown Phase (2021-2023) : Following the distribution, there's a clear downtrend with red (bearish) candles and increasing volume, indicating a markdown phase. Prices are descending as selling pressure overcomes buying interest.
Current Phase (2023 Onwards) : Most recently, there's been some consolidation with smaller candle bodies and wicks, along with reduced volume. This could be an indication of re-accumulation or preparation for a potential reversion or continuation of the downtrend. However, the last visible candle shows a significant bearish move with increased volume, which might suggest a continuation of the markdown phase rather than a reversal.
Latest 5 Candles Analysis: The last five candles show increased volatility with bearish sentiment dominating. The presence of long upper wicks in the recent two candles indicates selling pressure and a potential rejection of higher prices. The last candle, in particular, is significantly bearish with a large body and increased volume, hinting at a strong bearish continuation.
Volume Analysis: The volume has been fluctuating, with spikes corresponding to significant price movements. The latest volume increase on a bearish candle reinforces the likelihood of continued downward pressure.
In summary, the chart presents a progression through Wyckoff's market cycles, with the recent activity pointing towards continued bearish momentum. The increased volume accompanying the latest downturn supports this analysis. However, it's essential to monitor subsequent price action and volume for signs of a potential phase change.
IEX is ready for a Bull ride.NSE:IEX
About Company :-
Indian Energy Exchange Ltd provides an automated platform and infrastructure for carrying out trading in electricity units for physical delivery of electricity. It's broker Just like Zerodha or Angel One but for electricity trading. with market share at present, IEX enjoys a dominant 90% market share in the total volume traded across all segments. However, recent regulations like "Market Coupling" could potentially impact IEX's prominence in this segment means market share will reduced if market coupling implemented by govt. in future.
Entry :- 160/- or Current Price.
Target :- At Supply Zone.
IEX : The game the operators are playing with usThe ellipse almost consumes the fall of IEX. In other words, the ellipse almost contains IEX inside it.
This means we are probably at the bottom and the big red candle has broken the retailers and many have gone out. (just what operators want)
Hope you like this. For Details ⬇️
IEX looks good for a swing tradeI believe IEX looks good for a swing trade for a 3-6 month timeframe. This is not a financial advise to go long. This is just my thought process behind why I am going to go long in IEX. Consult with you financial advisor before taking any trades
CMP- 152.7
Target - 300
SL - 117
R:R - 4.1