Get started

Traderchamp

IREDA – Strong Bullish Continuation Setup After Healthy Consolid⚡ IREDA – Strong Bullish Continuation Setup After Healthy Consolidation Chart: IREDA – Daily Timeframe IREDA is showing a bullish continuation pattern after consolidating in a tight range near ₹140. The stock has formed a higher low structure, and recent breakout candles with rising volume suggest a renewed upside momentum. 🔹 Technical Highlights: Ascending triangle breakout around ₹190 Strong support near ₹130–135 range RSI rising above 60 – bullish strength confirmation Price holding above 20 EMA and 50 EMA, signaling trend support Volume breakout confirms buying interest from lower levels 📌 Trade Setup: Entry Zone: ₹189–190 Target 1: ₹220 Target 2: ₹256 Stop Loss: ₹150 (closing basis) The stock is part of the renewable energy theme and could see strong interest from positional traders and investors if broader market sentiment supports. ⚠️ This analysis is for educational purposes only. Always manage your risk and do your own research before taking any position.
NSE:IREDALong
by STOCKSWALLET_
TANLA: Bullish Momentum Resumes After ConsolidationTANLA has exhibited a robust upward movement, marked by a significant upside followed by a consolidation phase lasting a few days. The current price action suggests a renewed bullish momentum as the stock emerges from the consolidation zone. Key Points: 1.Strong Historical Performance: TANLA has a history of delivering strong upside moves, indicating its potential for substantial price appreciation. 2.Consolidation Breakout: After a brief consolidation period, TANLA is now breaking out of the consolidation zone. This breakout often signifies the resumption of an upward trend. 3.Volume Confirmation: The positive price movement is supported by a notable increase in trading volume on positive candlesticks. This volume confirmation enhances the reliability of the bullish signal. 4.Swing Trade Opportunity: Given the recent price action and volume trends, TANLA appears well-suited for a swing trade. Swing traders can capitalize on short to medium-term price fluctuations, aiming to profit from the anticipated upward movement. It's important for traders to conduct their own technical analysis, set appropriate stop-loss levels, and consider other relevant factors before entering any trade. This content should not be considered as investment advice. Trading involves risks, and past performance is not indicative of future results.
NSE:TANLALong
by TTS007