Date: 3-Apr-2024
Rating: Buy - Positional Trade
LTP: Rs. 157.20
Targets: (1) Rs. 163 --> (2) Rs. 185 --> (3) Rs. 214 --> (4) Rs. 272
SL: Rs. 140
Technical View:
•
IREDA is moving in down trend since 6-Feb-2024.
• After touching the life time high of 214.80 on 6-Feb-2024, it has retraced 44% to 121.05 level.
•IREDA has broke out from its down trend on 3-Apr-2024 with higher than average volume.
• RSI has crossed over 50 on 2-Apr-2024. MACD is about to crosse over 0.
• Looking good to start a new uptrend from here.
Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
Rating: Buy - Positional Trade
LTP: Rs. 157.20
Targets: (1) Rs. 163 --> (2) Rs. 185 --> (3) Rs. 214 --> (4) Rs. 272
SL: Rs. 140
Technical View:
•
IREDA is moving in down trend since 6-Feb-2024.• After touching the life time high of 214.80 on 6-Feb-2024, it has retraced 44% to 121.05 level.
•
IREDA has broke out from its down trend on 3-Apr-2024 with higher than average volume.• RSI has crossed over 50 on 2-Apr-2024. MACD is about to crosse over 0.
• Looking good to start a new uptrend from here.
Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
Note
5-Apr-2024--------------
LTP: Rs. 176.45
1st target of Rs. 163 reached. 12% up from suggested level.
NEXT TARGET: Rs. 185
Note
29-Apr-2024---------------
LTP: Rs. 181.40
2nd target of Rs. 185 reached. 15% up from suggested level.
NEXT TARGET: Rs. 214
Trade closed: target reached
7-May-2024--------------
Broke down the major trend line and closed below 20 DMA. Both RSI and MACD are giving bearing view. Closing the call to book profit.
LTP: 167.70
P&L: +7%
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.