IEXPotential Breakout possible .
Cup & Handle formation.
Good for Short term.
Target 163 , 190.
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Disclaimer : This is not a Buy or Sell recommendation. I am not SEBI Registered. Please consult your financial advisor before making any investments . This is for Educational purpose only.
Iexlong
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 Positional Up Side Idea.NSE:IEX is now ready to make breakout for up side. My idea is to take entry once price retest level of 140.
Then put a stop loss of 10 Points (SL 130) and hold positionally till bigger targets of 145, 152, 163 & 177. It could be very best risk and reward option.
Note: This is my personal analysis, only for learning.
Thanks.