IEX offers a compelling buy-side technical setup holding firm above key pivot support at ₹121.47 (S1 ₹118.75/S2 ₹117.26) with bullish moving averages alignment across multiple timeframes and neutral-to-bullish RSI(54-57) confirming sustained momentum without overbought extremes. Positive MACD(0.20) and strong ADX(26.80) signal robust uptrend continuation near weekly support ₹116.44, complemented by higher lows formation creating favorable risk-reward despite STOCHRSI overbought caution. Attractive long entry targeting R1 ₹122.96/R2 ₹125.68 resistance (major ₹125.13 breakout) with tight stops below S2 ₹117.26 for optimal upside capture in this leading power exchange operator.Warning-
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