IEX CMP: 143,
After giving an exit call on IEX around 270, it now again seeing positive momentum building in this counter. Touched lows of 115 level and now back to 143.
The counter is attracting volumes slowly.
Now that IEX not just facilitating trading of Energy (IEX), but also Gas (IGX) and Carbon (ICX), the counter is turning more attractive.
This stock of Market cap of 12k Crores (Small cap) has potential to turn into midcap stock.
Technically had great volumes traded between 122 to 127, has crossed strong POC of Volume profile and traveling towards breaching VAH of Volume Profile.
The patterns also shows a very strong Bullish Wolfe Wave pointing to a huge 2x to 3x targets.
Buy here and be ready to add if it slips to 127.
SL of 115 on closing basis only.
Target 479, by the end of 2028.
