Is IEX ready for a 100% upmove? Charts says YES

Is Indian Energy Exchange (IEX) all set to fire up?

We are expecting big targets based on the following key technical points:

Great Correction (Fib):
The price underwent a deep correction of more than 61.8%, almost reaching the 0.786 Fibonacci retracement level from the top.

Price Action Structure Change:
The price has changed structure since it broke the previous high on the monthly time frame and sustained weekly candle.

Ichimoku Confirmation:
There is a strong TS & KS breakout, and it looks poised to break the cloud as well. A strong base has been created, and a breakout has occurred.

Fib Channel + Fib Extension:
The price respected the channel bottom and reversed strongly. Based on the channel targets, there is a high chance of hitting 360+ in the coming months.

Wave Analysis and Targets:
The stock is in either Wave C or Wave 3. The minimum targets for Wave C are 287 (61.8%) and 394 (100%). Any move beyond this is a bonus.

Use Ichimoku (Daily Time Frame) for Higher Profits:

Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.