IEX - Pitai k baad After a decent correction in stock from 320 to 130 the stock now stands at very crucial levels of support zone. So taking the neutral side so:
-A buy after a strong candle at this support zone
-Sell when the support breaks and price Retest the support again
I expect the stock to fall further so most possibly will take the :
Sell below 125 for the tgt of 105
IEX trade ideas
IEX : Accumulation : Box pattern Accumulation is going on in IEX since long time. this is 2nd attempt for IEX to breakout from box pattern but it seems hard to break. if it break 150 level then we can see again 130-135 levels.
But keep eye on it. for me, its good R:R when price comes near 130-135. 125 seems good support here.
Levels are marked on chart for intraday. Follow price action and become Price action chart Specialist.
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
I may be 100% wrong as its my personal trade.
First Learn and then remove "L"
IEX the monopoly company has Double Bottomed for a reversalIEX has closed above EMA 9 & 20
the stock has taken multiple rejections from EMA 50 line which also acts as main resistance to the stock price since a long time.
The stock is expected to reach the target price by taking its previous price actions.
The stock price may retest EMA 50 before hitting Target 2.
Place stop loss GTT trade while taking the position.
remember to authorize the sell every morning to execute the GTT trades successfully.
Note,:
This trade idea is entirely upon my personal observation, this is not a recommendation or call. I request you to do your own research before taking the trade.
Do comment for any doubts or clarification.
NSE:IEX
IEXIEX its good government sector company , Its for Cup Pattern Formation Keep on watch list
Day Chart Link - www.tradingview.com
1)Market Cap = ₹ 13,201 Cr.
Good News :-
Company is almost debt free.
Company has delivered good profit growth of 24.2% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 46.9%
Company has been maintaining a healthy dividend payout of 52.4%
Company's median sales growth is 16.0% of last 10 years
Negative at this stock
Stock is trading at 17.6 times its book value
Debtor days have increased from 26.3 to 74.9 days.
IEX- Elliott Wave AnalysisHi Guys !
Today updated chart of IEX - Indian Energy Exchange (NSE). It seems the correction in the instrument has finished and it might be moving in an impulsive upside move.
In lower time frame it seems made a leading diagonal and a heavy correction after that. The levels has been marked in chart as I could see.
We are in major wave 3 of the instrument.
Please study the chart carefully. The chart is for educational purpose any losses will sole responsibility of the viewers.
Thank you.
Pls motivate if you like the analysis.
IEX - Reverse Head and Shoulders Pattern Being a monopoly and with good fundamentals the company has given a massive discount of 50%
Now I think it's a good time to buy and hold as it has formed a reverse head and shoulders.
One can go for buy at 152 and can hold till 164 for a short time period.
Apart from all these the company is offering a buyback at 200.
This is my view please make a thorough check from your end before going for a buy.