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.snapshot
Uwaga
Earnings have also been increasing for the past four quarters.
Not moving up due to the overall market correction.
Just my opinion.
Beyond Technical AnalysisChart PatternsHarmonic Patterns

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