TradingView
PrashantTaralkar
Dec 9, 2023 5:51 PM

IEX can be added long term Investment! Long

INDIAN ENERGY EXCHNSE

Description

As per my analysis., IEX can be added long term Investment

Important levels - 126 and Stop loss of 105

First Target will be 175
Second Target 230 +


Please comment if you wish to see my analysis any stocks.

Please do your due diligence before trading or investment.

Thank you.

Comment

Updated Detailed levels :-
Buy Above :- 126- anything stock closes above this levels will be considered in bullish zone.

95 is strong support - if come around to 95 Average with proper risk management as per your comfort (or Stop loss of 75 )

First Target - 162 to 175
Second target 200 to 205
Third target - 230 to 250
Strong Levels and Fourth Target - 295 to 302

Comment

Update :- as per market data on 20th Dec.
153 is Important level,
if it come again close to 133 then it will be averaging chance
Long term Investor SL will be 112.

Comment

My view for your analysis and study. Maintain Stoploss of 153 as per your comfort.

if sustain above 193, then 210 or 220 then 234 then 280 then 320 to 345 then hold

Comment

Long term Investor can hold with Stoplooss of 120, Averaging price at 130 and 150
expected targets 222, 281, 348. and 423

Comment

125 to 190 is consolidation zone for the stock, if closes above 190 for 2-3 days, add more quantity
Comments
athuadu1
can you inform on timeframe too
PrashantTaralkar
@athuadu1,
For IEX - I am targeting for June 2024 however, looks like it will be more likely till Nov 2024 for some extended target.
Rajasekhar_2782_Vijayawada
pl comment on tata chemicals also.
PrashantTaralkar
@Rajasekhar_2782_Vijayawada,

Please refer my recent idea for TATACHEM.
Hope this helps.
More