As seen on the Chart Iex had been struggling to remove its resistance around 150 zone for a long time. Recently This stock has successfully removed the price resistance zone with a loud move and post that the price has been sideways creating a flag pattern. Historically this stock has faced resistance on 66 RSI Level and as seen on the chart currently also we...
The stock is likely to go up... the chart is looking good. and risk reward is self explanatory . one can go long based on this .. this is what i call a minimum projection of price might touch. targets SHOULD ALWAYS flexible but have a tight stop loss.
IEX (Indian Energy Exchange) I am Buying IEX Future around 163 With Stoploss of Today's Low 158 For the Targets of 175+ in the Next 15-20 Trading sessions. (Swing Trade) Reasons: # Share Price has seen fresh trendline breakout. # Stock has crossed 20EMA on Daily and 4-Hourly Chart. # Price Pattern on Daily Charts: Double Bottom "W" Pattern Seen. # Stock has...
This is clearly a bullish view which is identified in IEX the basis of this if you can clearly check the chat weekly or daily time frame of nifty energy. There is a clear retracement and re-testing which has been done in nifty energy.