IREDA | LONG | SWING | NSE:INDIA | ANALYSIS

Dec 22, 2023

IREDA forming Bullish Pennant pattern. This might be good for swing trading.

Points to Considered:
1. Pattern formation
2. Volume analysis
3. Any Conformation for Entry
4. RSI


NOTE: IF IT CLOSE BELOW 20-EMA & RE-TEST IT, DO NOT ENTER FOR LONG.

Dec 27, 2023

Note

Currently there is a Strong bullish divergence 1H Timeframe.

Dec 28, 2023

Note

Watch it closely, it might give sudden movement!... Enter based on your RR.

Dec 28, 2023

Note

93.75
86.80
are the key levels for buy

Dec 29, 2023

Note

Took support on 100 EMA @95.45

Dec 29, 2023

Note

FKKKKKKKK 🤑🤑🤑🤑🤑🤑

Dec 29, 2023

Note

People holding @ below 98, just hold it. If it breaks above resistance trendline, paisa hi paisa. If any reversal pattern forms at the top, EXIT.

Jan 1

Note

To the moon 💹💹💹💹

Jan 1

Note

If it breaks the above trendline with good volume, then just hold.
If any reversal pattern at trendline or no good volume at trendline breakout, then try to book half of the profit.

Jan 12

Note

To the moon 🚀🚀🚀🚀

Jan 15

Note

🤑🤑🤑🤑
Try to book half. Might halt for a while.

Jan 19

Note

If there is any sudden moves to T2, it might take pullback to T1 again to move to T3. Not confirmed, I'm just thinking....

Jan 28

Note

Took a little pull back around 144 and moved up

Jan 28

Note

Still holding after all the 3 target reached.🤑🤑🤑🤑