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durlavbanskota

Indian Energy Exchange: Time to accumulate

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INDIAN ENERGY EXCH (NSE:IEX)  
durlavbanskota  
NSE:IEX   INDIAN ENERGY EXCH
Chart Patterns Trend Analysis nseindia tradingideas
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chartpattern trendanalysis nseindia tradingideas
After a long bearish phase, the stock has touched it's 200 moving average in weekly time frame and i currently hovering around it.

116-120 can act as a strong support for IEX. As long as the support holds, we can expect a pullback.

And if there is a consolidation for certain period of time, we can expect a change in trend as well.
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