"IEX has been trading in a corrective phase for the last one and a half years and the last six months of price action resulted in the formation of a broadening formation. It has witnessed a breakout from the same now. Participants can consider accumulating in the range of Rs 157-162," Ajit Mishra, VP - Technical Research, Religare Broking Ltd., said.

Source: Economic Times May 09, 2023 21:04 UTC