INDIAN ENERGY EXC LTD
Long

INDIAN ENERGY EXC LTD (IEX)

IEX: Breakout & Retest from Rectangle Pattern

Key Observations
Breakout and Retest: The price has broken above the resistance level (neckline) of the cup and handle pattern, confirming the bullish signal.


RSI: The RSI is above 60, suggesting a bullish bias.

Volume: Increased volume during the breakout and subsequent pullback confirms the significance of the price movement.




Disclaimer: This analysis is based on the provided chart and is for informational purposes only. It does not constitute financial advice. Always consult with a financial advisor before making investment decisions.

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