⚡ IEX: Charging Up for Wave 3? 🚀

After a long consolidation since its Wave (1) peak in 2021, Indian Energy Exchange Ltd (IEX) seems to be completing a textbook Cup & Handle pattern with the potential start of Wave (3). 📊 Technical Setup: 🟢 Cup & Handle forming near ₹245 resistance ✅ Wave (2) base successfully retested 📈 Ascending neckline – demand zone rising 🚀 Wave (3) projection: ₹400–₹450+ 🔌 What’s Powering the Move? ⚡ Long-term shift to market-based electricity pricing 🧠 India's energy exchange market expanding: Open Access, RE trading 🌱 Green push = rising volumes in Day Ahead & Term Ahead Markets 🎯 Watchlist Action: If ₹245 is decisively taken out, this could trigger multi-quarter momentum — technically and fundamentally aligned. Breakouts from long bases tend to lead to powerful trends.