Indian Energy Exchange VCP
Updated
Indian Energy Exchange has come out of a volatility contraction pattern with 3 contractions over the period of almost 9 months.
The low volume on bounce back of close to 4% from resistance level on 31 August is implying very less supply and more demand.
The low volume on bounce back of close to 4% from resistance level on 31 August is implying very less supply and more demand.
Note
Earnings have also been increasing for the past four quarters.Not moving up due to the overall market correction.
Just my opinion.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.