INDIAN ENERGY EXCHANGE ( IEX) ( Time Decay observed in IEX )
IEX price hovering around 200 ema.
for a mid term positional buy , a safe entry seems when a weekly breakout of COP zone above 192 is acheieved with good volume and candle. RSI should be above 60 and 10 ema > 20 > 50 > 200 during the breakout. Till then IEX is a choppy sideways chart with no momentum for fresh investment entry.
for a mid term positional buy , a safe entry seems when a weekly breakout of COP zone above 192 is acheieved with good volume and candle. RSI should be above 60 and 10 ema > 20 > 50 > 200 during the breakout. Till then IEX is a choppy sideways chart with no momentum for fresh investment entry.