IEX

Date 25.07.2024
IEX
Time frame : Day chart
Remarks : The stock formed long broadening wedge formation & now has reached a make or break resistance confluence of gann angle & support/resistance band. This is very significant area technically, fundamentally the stock has out performed & continues growth power demand is positive for the stock.

Quarterly Result IEX

IEX: Q1 CONS NET PROFIT 964.4M RUPEES VS 758M (YOY)

IEX: Q1 REVENUE 1.24B RUPEES VS 1.04B (YOY)

IEX: Q1 EBITDA 1.03B RUPEES VS 831.7M (YOY) || Q1 EBITDA MARGIN 83.3% VS 79.9% (YOY)

Hence, breakout from here will ride strong momentum

Regards,
Ankur