INDIAN ENERGY EXC LTD
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IEX, long term pick with good potential

Hello traders,
As I said will start posting good long term picks in the last idea.
IEX is the first and largest energy exchange in India providing a nationwide, automated trading platform for physical delivery of electricity.
As we all must know this. This is a really good company with great potential and strong fundamentals.
I had already mentioned about the fundamentals and other details in the chart.
this is again a support reversal buy like LAURUSLABS on which I posted an idea before,having good potential for upmove.
this stock is at great dip and its a really good chance to add this stock to your portfolio (or add more qty if u already have it).

If you see, this stock also has an inverted head and shoulder pattern on a smaller timeframe:
สแนปชอต
hence we here have multiple consequences for adding this stock or start accumulating in your long term portfolio.

As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.

Will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Aniket.
keep learning and keep earning.
dontmissFundamental AnalysisIEXlong-termpriceactionSupport and ResistancesupportreversalTrend Analysistrending

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