Indian Energy Exchange Ltd.
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IEX | Consolidation BreakOut | Daily

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Here’s a **condensed Wyckoff Accumulation Analysis** based on your most recent chart for **Indian Energy Exchange Ltd. (IEX)**:

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🔍 **Key Wyckoff Phases & Levels:**

* **PS (Preliminary Support):** Initial slowing of the downtrend.
* **SC (Selling Climax):** Sharp selloff forming the bottom.
* **AR (Automatic Rally):** First bounce confirming initial demand.
* **ST (Secondary Test):** Testing previous lows around SC.
* **Spring:** Fakeout below support, creating panic-selling before reversal.
* **Markup Phase:** Breakout above resistance, transitioning to uptrend.

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📈 **Critical Price Zones:**

* **Support:** \~₹203 and 190
* **Resistance:** \~255

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⚡ **Technical Indicators:**

* **RSI:** Above 60 with breakout, suggesting strong momentum.
* **Volume:** Increased volume on breakout candles signals institutional accumulation.

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💡 **Conclusion:**
IEX has confirmed the Wyckoff accumulation pattern and is now in the **markup phase**, targeting ₹245 to 255 if it sustains above ₹203 and 190.

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