Indian Energy Exchange Ltd. an interesting chart to keep on radar with following
1. Rounding Bottom pattern breakout on weekly chart
2. Breakout after a long consolidation of 24 months with rising volume
3. Can be a good risk reward with buy near breakout test zone i.e. 166 as major support exist between 155-170 zone being multiple moving averages support area.
FUNDAMENTALS:
Company has reduced debt.
Company is almost debt free.
Company has a good return on equity (ROE) track record: 3 Years ROE 40.3%
Company has been maintaining a healthy dividend payout of 51.7%
CAUTION:
RSI on monthly is struggling to cross above 60, which can cause resistance
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
1. Rounding Bottom pattern breakout on weekly chart
2. Breakout after a long consolidation of 24 months with rising volume
3. Can be a good risk reward with buy near breakout test zone i.e. 166 as major support exist between 155-170 zone being multiple moving averages support area.
FUNDAMENTALS:
Company has reduced debt.
Company is almost debt free.
Company has a good return on equity (ROE) track record: 3 Years ROE 40.3%
Company has been maintaining a healthy dividend payout of 51.7%
CAUTION:
RSI on monthly is struggling to cross above 60, which can cause resistance
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.