Indian Energy Exchange Ltd. (IEX)
-Stock has almost completed its 3years long Correction.
-Breakout of Rounding Bottom pattern in weekly timeframe.
-If stock successfully closes Weekly Candle above neckline(170 level) then it will be considered as Breakout of Rounding Bottom.
-Stock is ideal for Positional trading(6momths timeframe)
-Risk is 10% and Reward is atleast 50% (very favorable RR)
Do your Analysis and add quantities in 2-3 tranches.
#positionaltrading
-Stock has almost completed its 3years long Correction.
-Breakout of Rounding Bottom pattern in weekly timeframe.
-If stock successfully closes Weekly Candle above neckline(170 level) then it will be considered as Breakout of Rounding Bottom.
-Stock is ideal for Positional trading(6momths timeframe)
-Risk is 10% and Reward is atleast 50% (very favorable RR)
Do your Analysis and add quantities in 2-3 tranches.
#positionaltrading