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Indian Energy Exchange Ltd
NSE :IEX BSE :540750 Sector : Miscellaneous
About Company: The Indian Energy Exchange is an Indian electronic system based power trading exchange regulated by the Central Electricity Regulatory Commission. IEX started its operations on June 27, 2008. Indian Energy Exchange pioneered the development of power trading in India and provides an electronic platform to the various participants in power market, comprising State Electricity Boards, Power producers, Power Traders and Open Access Consumers. IEX is one of the two operational Power Exchanges in India. Ever since its incorporation, it has held an influential market share. IEX operates a day-ahead market based on closed auctions with double-sided bidding and uniform pricing; it has over 3,800 registered clients, over 300 private generators and more than 3,300 industrial electricity consumers
Daily Chart of IEX:
Technical Outlook of IEX:
IEX stock today on 11th Oct 2021 Monday trade closed up by Rs.85 Per share at 780.90 whopping returns of 12.21% in single trading session. We have already mentioned in yesterday’s post that IEX Stock is ready for another leg of rally and the same has happened in today’s trading session. Technically stock is trading in an overbought zone and now only risky traders should take fresh entry in the stock. Those holding the stock should place trailing stop loss below physiological levels at 750.
Read our Recent Predictions:
- TataMotors (TAMO): Tata Motors recommended buy on 7th Oct 2021 at 376 level hits high of 420.90 on 11th Oct 2021, Just in two trading sessions To read our prediction on TATAMOTORS Click Here.
- IEX (Indian Energy Exchange): IEX recommended buy on 10th Oct 2021 at 705 level hits high of 798.8 on 11th Oct 2021, Just in single trading session To read our prediction on IEX Click Here.
- Deepak Nitrite: DEEPAKNTR recommended buy on 4th Oct 2021 at 2590 level hits high of 2989.95 on 11 Oct 2021, Just in six trading sessions. To read our prediction on DEEPAKNTR Click Here.
- Tata Power: TATAPOWER recommended buy on 29th Sept 2021 at 158 level hits high 193.70 on 11th Oct 2021, Just in eight trading sessions. To read our prediction on TATAPOWER Click Here.
