Stock Analysis - IEX

Stock Analysis - IEX:

Daily Timeframe:
1. Current price is touching 50 MA - indicates a point to watch for a breakout.
2. Resistance is at ATH of Rs.292
3. BUY volume is spiking up in the last 2 days - need to wait and watch for two more days to confirm the breakout.
4. I assume this stock will go down further to Rs.190-200 range and bounce back.

Note:
I'm not recommending buying this stock. This is for education purposes.
This is my view, based on my learning.
Please do not trade without your own conviction.
Please invest after careful research. I'm not responsible for your profits/losses.

- Gnanasekaran