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Vasukipriya
Dec 22, 2023 1:12 PM

IREDA | LONG | SWING | NSE:INDIA | ANALYSIS Long

NSE:IREDA240
INDIAN RENEWABLE ENERGYNSE

Description

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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.

Comment

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Currently there is a Strong bullish divergence 1H Timeframe.

Comment

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

Comment

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93.75
86.80
are the key levels for buy

Comment

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Took support on 100 EMA @95.45

Comment

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FKKKKKKKK 🤑🤑🤑🤑🤑🤑

Comment

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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.

Comment

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To the moon 💹💹💹💹

Comment

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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.

Comment

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To the moon 🚀🚀🚀🚀

Comment

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

Comment

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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....

Comment

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Took a little pull back around 144 and moved up

Comment

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Still holding after all the 3 target reached.🤑🤑🤑🤑
Trend AnalysisChart PatternsTechnical IndicatorsnseindiaIREDATechnical AnalysisLONGswingtradingBullish Pennantpriceaction
Comments
Vasukipriya
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Please comment your thoughts on this idea...
ravisarathpagidipalli
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entry price plz
Vasukipriya
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@ravisarathpagidipalli, I'll update. Wait for the breakout.
ravisarathpagidipalli
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@Vasukipriya K
sunilkumarmeel
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buy 115 ya
Vasukipriya
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@sunilkumarmeel 113, 115, 118 is buying areas. But it's risky. If you find any reversal signs near the above given levels, you can take long.
ranjankumarsap
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can I buy this 121
Vasukipriya
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@ranjankumarsap, If you want to buy that desperately, they buy at above given levels. Else buy if it breaks 124 and re-tests. Don't enter in FOMO. Let it go.
ravisarathpagidipalli
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brekout
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