07-12-2023 10:41 AM | Source: Religare Broking Ltd
Stock of the day : BUY IEX Ltd For Target Rs.157- Religare Broking

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IEX Ltd

* IEX has been witnessing recovery, after spending over one and half year in corrective phase.

* After the consolidation breakout, formed a fresh buying pivot while holding above its short term moving average i.e 10 EMA suggests momentum in place.

* The chart pattern and positioning of the indicators are in favor for a steady up move.

* We thus recommend creating fresh longs in the mentioned range.

Buy IEX Ltd CMP 147.75; Range* 147-148 ; SL 143; Target 157

 

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