Stock of the day : Indian Energy Exchange Ltd. For Target Rs.200 - Religare Broking
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Indian Energy Exchange Ltd.
* IEX ended it multi month corrective phase after registering a decisive breakout from the consolidation range.
* The breakout was seen with strong surge in volumes and bullish candlestick indicates bullish bias.
* The stock has formed a fresh buying pivot holding above its short term moving average suggests bullish tone to continue.
* Traders can consider fresh longs in the mentioned range.
BUY Indian Energy Exchange Ltd. CMP 189.34 Range 188-190 SL 183 Target 200
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SEBI Registration number is INZ000174330
