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Buy Indian Energy Exchange Ltd For Target Rs. 155 - Religare Broking
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Indian Energy Exchange Ltd
* IEX formed a strong base around its support zone of long term moving averages on weekly charts, after a year-long corrective phase.
* It has been gradually inching higher for the past three weeks and is likely to surpass the hurdle of the previous swing high at 152.40 levels.
* The chart pattern and positioning of indicators are pointing towards steady recovery.
* We thus suggest initiating fresh longs as per the given levels.
Buy Indian Energy Exchange Ltd @ BUY CMP148.90; Range 146.50-147.50; SL143.50; Target 155
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