INDIAN ENERGY EXC LTD
Long
Updated

Iex short term target 200

832
Stock is trading above all important moving avg like 200,100,50.
Weekly breakout above closing of 175/77.
Strict Stoploss : 170
Target :200/235
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Note
update: the stock is 4% up from the breakout level of 174 and sustaining there. The nearest resistance for this stock is 188. After breaking of 188, this may be moved towards 196/198.
Note
if happens like that, then be ready for the target of 200/213/225.any anticipated rejection of this breakout may be considered with a long upside wick candle (inverted hammer, spinning top)and closing with the loss of all-day gain. keep watch on rejected candle formation.
Trade active
next week is important. closing should be above 185

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