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Iredatrendanalysis

Indian Renewable Energy Development Agency- Breakout OpportunityDate : 5-Dec-2024 LTP : Rs. 220.86 Targets: (T1) Rs. 265 --> (T2) Rs. 310 --> (T3) Rs. 389 SL : Rs. 183 Technical View: • NSE:IREDA was going through it's primary downtrend since 15-Jul-2024. • After touching the high of 310 on 15-Jul-2024, it has retraced 41% to 181.40 level. • NSE:IREDA has breakout from it's primary downtrend with higher than average volume. • NSE:IREDA is trading above 20 DEMA and 50 DEMA since last couple of sessions. • RSI is in buy zone and trading at 62.74. MACD has crossed 0 line on 5-Dec-2024 and trading at 1.19. • Looking good to start an upward journey from here. Liked the analysis? Boost/Like this idea and follow my ID. 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.
NSE:IREDALong
by vicky252
Indian Renewable Energy Development Agency- Breakout OpportunityDate : 29-Jul-2024 LTP : Rs. 266 Next Resistances: (1) Rs. 310 --> (2) Rs. 358 SL : Rs. 232 on daily close basis Technical View: • NSE: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, NSE:IREDA has broke out from its secondary down trend. • NSE: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.
NSE:IREDALong
by vicky252
IREDA - 30% upside potentialPrice Analysis & Overview: 1. Price is in channel, formed double bottom. 2. conviction is less since price is choppy within the channel. 3. Good volumes have started bulding. 4. Good quarterly results will be expected to kick start the momentum since price action is limited in new listings. - Stay tuned for further insights, updates and trade safely! - These are my personal views. - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
NSE:IREDA
by SuperNova396
IREDA Analysis!NSE:IREDA Analysis on a Daily Timeframe! Triangle Pattern Formation in IREDA! Triangle Pattern Breakout in IREDA! Analysis: As we can see the stock in moving in a triangle since December 2023. It was continuously consolidating in it. On 27th June it tried breaking out the resistance but unable to sustain above the resistance. Today again it has been successfully given the breakout and able to close above the breakout. As i marked all the important levels on the chart please have a look. Trade Setup: Entry = Current price level is good to Enter Key Level = 214.80 This is the All Time High Level, Price may reverse from this level but if it breaks, will the major uptrend Target = 455.85 Stop Loss = Below 173 or as per your Risk To Reward Disclaimer = Consider my analysis for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital
NSE:IREDALong
by Avinash9087
4
Indian Renewable Energy Development Agency- Breakout OpportunityDate : 6-Jun-2024 Rating : Buy - Positional Trade LTP : Rs. 178.30 Targets: (1) Rs. 200 --> (2) Rs. 214 --> (3) Rs. 229 SL : Rs. 158 on daily close basis Technical View: • NSE:IREDA is in its primary uptrend and was recently going through it's secondary downtrend. • After touching the high of 200.25 on 3-Jun-2024, it has retraced 23% to 154 level. • On 6-Jun-2024, NSE:IREDA has broke out from its secondary down trend with high volume. • RSI is trading at 50.95 and MACD is trading at 2.67. • 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. Ideas are published for learning purpose only.
NSE:IREDALong
by vicky252
Indian Renewable Energy Development Agency- Breakout OpportunityDate : 14-May-2024 Rating : Buy - Positional Trade LTP : Rs. 173.15 Targets: (1) Rs. 185 --> (2) Rs. 214 SL : Rs. 154 on daily close basis Technical View: • NSE:IREDA is in its primary uptrend and was recently going through it's secondary downtrend. • After touching the high of 192.20 on 29-Apr-2024, it has retraced 17% to 158.70 level. • On 14-May-2024, NSE:IREDA has broke out from its secondary down trend with high volume. • NSE:IREDA has also closed above 20 DMA and 21 DEMA on 14-May-2024. • RSI is trading at 56.16 and MACD is trading at 3.07. • 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. Ideas are published for learning purpose only.
NSE:IREDALong
by vicky252
IREDA - Indian Renewable Energy Development Agency Ltd.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 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.
NSE:IREDALong
by vicky252