IEX trade ideas
IEX Accumilate (Don't Be Afraid)
Dear friends
IEX dropped from 164 to 122 over the previous three weeks; now is the time to accumulate as a multibagger stock. This stock is dropping by about 30% to 35%.
The highest monopoly stock is IEX, one of the trading platforms for the energy exchange. Due to this lowering, there is no need for a level; instead, you should accumulate at this level in accordance with your risk and return preferences. I believe that it has the ability to provide high-reward stocks for portfolios.
I am not a financial advisor or a SEBI-registered advisor. It serves just educational purposes and is not intended as advice.
Please consult your advisor prior to investing.
IEX- Trade PlanIEX- Trade Plan
IEX is most favorite among retail investors. hence its down for long time.
Now its changing its character. about to give 52W break out.
I am going to add to my already existing position from the Breakout.
Entry @ 164
Stop Loss @ Previous week Low (Trailing SL)
Target 0.5 @ Sell side VWAP
Target 1 @ 252
Target 2 @ 300
IEX : Booked a profit of about 10.37% on the invested capitalThere were a lot of issues going around the stock related to market coupling which I'm not fully aware of. So since I was in profit and the market was in a kind of inflection levels, I decided to book profit in the stock and allocate the capital somewhere else in which I have a clear conviction of, as of now.
But I'm well aware that the price might rally for another 7% in the near term and I'm ok with it.
I'll consider a re-entry if the price falls back to the buying levels, depending upon the macro and micro economics at that time.
IEX cmp 142 TGT 172 Buy Recommendation By Rachit SethiaIEX
CMP 142
TGT 172
SL 130
RR > 2.7
Return ~22%
Timeframe <6m
NSE:IEX
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia