IEX trade ideas
Indian Energy Exchange: Time to accumulateAfter a long bearish phase, the stock has touched it's 200 moving average in weekly time frame and i currently hovering around it.
116-120 can act as a strong support for IEX. As long as the support holds, we can expect a pullback.
And if there is a consolidation for certain period of time, we can expect a change in trend as well.
IEX rangesAlthough I was not having any views in this script as of now, but since it is the talk of town, I will try to analyze it in near future.
To start with the analysis, I am doing step one, to identify, present and recent ranges for the script.
Rest will follow, once, I will see any substantial artifact about the script.
IEX - Towards UptrendStock has form a based at at support zone of 135-160 and can make a big move from here.
IEX - Indian Energy Exchange is looking good for an upside move CMP 160
TGT 1 196 (~25%) - Period 6 months
TGT 2 250 (~60%) - 1 Yr
TGT 301 (~90%) - 1.5 Y
Strict Stoploss 135 (~15%)
CAN BE AVEARGED In the range (135-160)
IEX NEAR BREAKOUT LEVEL !!!The price consolidating well in a range of 128 To 154, and now price trading near the breakout level. If price breaks the level of 154 and closes than sharp upmove can possible in next coming trading sessions./b]
#IEX (W)
👉 Stock Consolidating well👍
👉 Support 128 below that 108📈
👉Breakout possible above 154+📈
👉Buy Above Breakout Confirmation🎯
👉Keep On radar✅
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IEX : Trend Change...!5 Step Analysis of IEX
1. On Daily TF wee can see that stock was faced downtrend from April to Sept.2022 then stock was going consolidation zone.
2. On Friday Stock gave breakout with high volume & ready for trend change consolidation to uptrend.
3. Momentum going strong on Dily, weekly, & Monthly Basis with increase volatility.
4.Stock has given break out after long down trend and consolidation face
5. On Monday Stock has given closing above 151 then next upside move we can see at 163 level in coming weeks.