INDIAN ENERGY EXC LTD

Looks like IEX is forming HEAD and Shoulders

227
IEX is forming Head and shoulders pattern. It is taking support at 100EMA if it break 230 level according to Head & shoulders pattern and support levels we can expect targets as
Target1: 206
Target2: 190

NOTE:
It broke the trendline of 1sep-20Dec and it is also forming bearish flag and pole pattern
Pole Target:206

MACD: Negative
100EMA:234
200EMA:200

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