Indian Energy Exchange VCP

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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.

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ملاحظة

Earnings have also been increasing for the past four quarters.
Not moving up due to the overall market correction.
Just my opinion.