Date: 29-Jul-2024
LTP: Rs. 266
Next Resistances: (1) Rs. 310 --> (2) Rs. 358
SL: Rs. 232 on daily close basis
Technical View:
•
IREDA is in it's primary uptrend and was recently going through it's secondary downtrend.
• After touching the high of 310 on 15-Jul-2024, it has retraced 25% to 232 level.
• On 29-Jul-2024,IREDA has broke out from its secondary down trend.
•IREDA is trading above 21 DEMA, 20 DMA and 50 DMA.
• RSI is trading in buy zone at 60.95.
• MACD is trading at 17.48.
• Looking good to start a new swing 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. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
LTP: Rs. 266
Next Resistances: (1) Rs. 310 --> (2) Rs. 358
SL: Rs. 232 on daily close basis
Technical View:
•
IREDA is in it's primary uptrend and was recently going through it's secondary downtrend.• After touching the high of 310 on 15-Jul-2024, it has retraced 25% to 232 level.
• On 29-Jul-2024,
IREDA has broke out from its secondary down trend.•
IREDA is trading above 21 DEMA, 20 DMA and 50 DMA.• RSI is trading in buy zone at 60.95.
• MACD is trading at 17.48.
• Looking good to start a new swing 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. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
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.