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: • NSE: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. • NSE:IREDA has broke out from its...
This stocks momentum is high right now due to the overall renewable energy momentum.
NSE:IREDA has been a darling of traders since listing and now it is following a very beautiful trendline. Traders can keep this line as a stop loss and can continue riding as long as it holds it. IREDA is a PSU which finances green projects and also recently got a Narvratna status.
IREDA Rally - Base - Rally price action 1.First Rally, then forming Base in the VCP pattern (Volatility contraction) & then again expected Rally after break out of the neck line. 2. Close above previous day High(170.4) 3. Close above last week High(169.7) 4. Close above last month High(163.7) 4. High increase in 1 month (+21.2%) 8. Promoter holding...
Observe These levels in SUZLON as there is very strong demand zone near to current market price
Ireda seems to have taken support from its golden ratio coinciding with the completion of it's corrective waves. Expecting a recovery from next few sessions.
Date : 7-Jan-2024 Rating : Buy (Mid Term as well as Long Term Opportunity) LTP : Rs. 105.10 Target: (1) Rs. 123 --> (2) Rs. 140 --> (3) 168 ++ SL : 85 Technical View: Since the listing, NSE:IREDA is in its primary uptrend. Recently it has given break-out from its secondary down trend and been consolidating between 101 & 105. This break-out and...
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.
📈 Stock Name - Indian Renewable Energy Development Agency Ltd 🌐 Ichimoku Cloud Setup: 1️⃣ Today's close is above the Conversion Line. 2️⃣ Future Kumo is Turning Bullish. 3️⃣ Chikou span is slanting upwards. All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 136. 🚨 Disclaimer: This is not...