SWING IDEA - IEX
Updated
Indian Energy Exchange (IEX) is exhibiting promising technical signals that suggest a potential swing trade opportunity.
Reasons are listed below :
Target - 205 // 245 // 300
Stoploss - weekly close below 155
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Reasons are listed below :
- 170 Zone as New Support: The 170 level was previously a resistance zone and has now turned into a support level, indicating strong buying interest.
- Hammer Candle on Weekly Timeframe: The formation of a hammer candle on the weekly chart suggests a potential reversal, signaling a shift from a bearish to a bullish trend.
- 0.5 Fibonacci Support: The stock has found support at the 0.5 Fibonacci retracement level, indicating a potential bounce and continuation of the uptrend.
- Trading Above 50 and 200 EMA on Weekly Timeframe: IEX is trading above the 50 and 200-week exponential moving averages, confirming the bullish sentiment and providing strong support levels.
- Breaking Consolidation Phase of 2+ Years: The stock is breaking out of a long consolidation phase that lasted over two years, signaling the start of a new bullish trend.
Target - 205 // 245 // 300
Stoploss - weekly close below 155
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Note
made a high of 13%++Note
hold!Trade closed: target reached
1st target achieved : 16%++Note
made a high of 28%++Note
made a high of 32%+
Note
made a high of 38%++
close to our 2nd target
Disclaimer
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