IEX - Indian Energy Exchange - Strong Bullish Momentum (Buy)Technical analysis of Indian Energy Exhange (IEX)
As per previous chart history and current chart pattern, it is being observed that IEX is ready for a bull ride soon. I suggest this stock to buy at CMP@177 or wait for a dip to enter in the buy trade.
Also I suggest tio buy this stock on every dip for maximym profit in short term. This is my personal opinion and please do your own research before buying this stock because I am not SEBI registered person
All points mentioned on the chart
Thanks for your support as always
IEX trade ideas
IEX: Riding the Wave of a Major BreakoutSymbol: IEX
Technical Analysis:
India Energy Exchange (IEX) is demonstrating a significant technical breakout. The stock has recently surpassed a major resistance level, indicating a strong bullish trend. Additionally, IEX's relative strength index (RSI) is notably higher compared to its peers, suggesting that it is outperforming other stocks in the same sector. This strong momentum makes IEX a promising candidate for potential gains in the near term.
Fundamental Analysis:
From a fundamental perspective, IEX exhibits robust financial health. The company has a strong cash flow position, meaning it has ample cash reserves to cover its operating expenses and any higher interest payments if necessary. Furthermore, IEX has turned profitable and has consistently maintained higher profit margins over the past 12 months. This sustained profitability underscores the company's solid operational performance and growth potential.
Conclusion:
The combination of a technical breakout and strong fundamentals makes IEX an attractive investment opportunity. With its solid financial position and strong market performance, IEX is well-positioned for continued growth. Investors looking for a promising stock in the energy sector should consider adding IEX to their portfolios.
INDIAN ENERGY EXCHANGE -IEX BULLISHIEX- The Indian Energy Exchange is an Indian electronic system based power trading exchange regulated by the Central Electricity Regulatory Commission. Indian Energy Exchange provides an electronic platform to the various participants in power market Power traders, and Open Access Consumers.
After two years of breakout it sustaining 175-180 ranges weekly time frame, rounding bottom out now with 160 SL we can get the target of 203 in 20 trading days.
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.
Iex short term target 200Stock is trading above all important moving avg like 200,100,50.
Weekly breakout above closing of 175/77.
Strict Stoploss : 170
Target :200/235
Disclaimer : we are not giving any recommendations for buying and selling of securities /share. It is your responsibility to take care of your profit and loss.
This is only for educational purposes and ask your financial Advisor before entering into any trades and investment.
IEX WEEKLY CHART / LONG TERMI kindly request your valuable feedback on the accuracy and validity of my learning and research. Furthermore, I would greatly appreciate any suggestions on areas where I can enhance my skills and knowledge.
DISCLAIMER:
The perspective I am providing may possess inherent bias. My family members and me may and may not have financial investment in aforementioned scrip. Consequently, it is within my prerogative to engage in the purchase or sale of said scrip at my discretion, contingent upon prevailing market conditions and the occurrence of specific events.
I am not a SEBI registered financial advisor and the information provided by me should not be considered as financial advice. It is highly recommended that you consult with your financial advisor and do your due diligence before making any investment decisions.
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