IREDA - Positional target 300-> CMP 222 / 1d timeframe
-> Breaking out the channel trend
-> Bouncing from the support line
-> Crossing 20/50/100 EMA
-> Positional target will be 300
-> Good Luck, Traders!
IREDA trade ideas
IREDA#IREDA as been in down trend since July and now broke the previous swing high forming a higher high. Volume is also promising with a god relative strength.
IREDA CMP 207 Weekly Chart Forming Parallel channelIREDA is forming Parallel Channel on Weekly chart.
RSI 14 is going up slowly. Price is trying to cross 20 EMA line on weekly basis.
Resistance around 229-234, 260-264 and ATH 310
Support 189, 170
Target 1 : 310
Target 2 : 540++
Probable Time Period : 3-5 Months
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.
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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.
Bullish Breakout on Indian Renewable Energy LtdThe stock of Indian Renewable Energy (NSE: INDIANRE) is showing strong bullish momentum, with a breakout above the descending trendline that has been acting as resistance for several weeks.
Key observations:
Trendline Breakout: The price has successfully closed above the descending trendline, signaling a potential trend reversal.
EMA Support: The stock is trading above the 200 EMA (currently at ₹190.05), confirming a shift in long-term sentiment to bullish.
Volume Spike: A significant increase in trading volume accompanied the breakout, adding credibility to the move.
RSI Momentum: The RSI is currently at 62.38, showing strength but still below the overbought zone, leaving room for further upside.
Trade Setup:
Entry: ₹218 (above the breakout candle's high for confirmation)
Stop Loss : ₹205 (below recent consolidation and EMA 200)
Target 1: ₹240 (prior resistance level)
Target 2: ₹260 (next major resistance zone)
Risk-Reward: This setup provides a favorable risk-reward ratio, with the potential to capitalize on the bullish momentum.
Disclaimer: This is for educational purposes only. Conduct your own research or consult a financial advisor before making trading decisions.
Major Resistance For IREDAIREDA is well-positioned to benefit from India's renewable energy expansion, it must navigate sector-specific challenges to sustain its growth trajectory. But looking at the current Macroeconomics, it may stay in the parallel channel.
(Disclaimer:
The information provided is for educational and informational purposes only and should not be considered investment advice, financial advice, or a recommendation to buy, sell, or hold securities. I am not a SEBI-registered Research Analyst or Investment Adviser; all views expressed are personal opinions.
Please consult a qualified financial advisor or SEBI-registered professional before making investment decisions. Investments in the stock market are subject to market risks, including the loss of principal. Perform your due diligence before acting on any information provided.)
IREDA - Sector Tailwind - Best above 212IREDA - Looks like Sectoral Tailwind due to Recent IPO listing of Waaree/NTPC/ Premeier Energies.. etc.
One can enter above 212 for targets of 237/ 266
with SL of 188
Disclaimer : Educational post. Not a buy sell recommendation
IREDA SHOWING good sign of reversal price action is showing reversal trend in ireda , entry can be made after resistance bo
this is only for educational purpose not for sugesstions
IREDA !!. short / long term analysisIREDA . in the recent correction lot of stocks are in good buying zones. IREDA look attractive in terms of R:R for shot term and long term perceptive .
short term can gain around 10 %to 15 %
long term we can take target around 60%
In Ireda We can Show Two Major Support U can show LineIN ireda We can show two line support and u Can buy two separate 150 & 190 So U can Check
IREDA up side move possiblenear the price 200 will be the best entry point in IREDA
Investment opportunity
price moving in parallel channel now going down
i thing possible to hit near swing highs and have potential to go all time high
good fundamental stock
IREDA -INVESTMENT OPPORTUNITY IREDA is down 15-20% from it's high but it's financials are strong.
Price action on charts also trying to say it can move upside but confirmation will be when price test it's previous resistance and hold that levels and break resistance.
If this price action is formed on charts then price will move towards its major resistance.
ireda stock analysis -*"Ireda Stock currently boasts a market capitalization of ₹581.09 billion. Its Return on Equity (ROE) stands at a promising 17%, demonstrating a positive growth trajectory.
A recent technical analysis indicates a support level of ₹200 per share. Given the stock's all-time high of ₹309, I remain optimistic about its future performance and potential for growth."*
Trendline support | Favourable R2RBuy at 224.2
SL 209.8
Target 262.7
Upside 17.17%
Downside 6.42%
R2R 2.7
Just an idea. Not a recommendation.
Expecting a good reversal in IREDA As per Fibonacci retracement at golden levels .68, from here we can take an reversal trade. Expecting a target of 263,280,310 in IREDA only if .68 levels marks reversible.
IREDA TRENDLINE BREAKOUT IREDA Trendline breakout done
Retest Done
Bullish view
Market Cap
₹ 2,07,437 Cr.
Current Price
₹ 159
High / Low
₹ 229 / 65.8
Stock P/E
32.2
Book Value
₹ 38.8
Dividend Yield
0.95 %
ROCE
5.73 %
ROE
13.7 %
Face Value
₹ 10.0
#IREDA DAY CHART ANALYSIS
#IREDA DAY CHART ANALYSIS
*Trading at 50 EMA in a tight range building a base.
*RSI started showing - bullish divergence.
*Just need volume confirmation for a good swing entry above - 240+ on day candle closing basis with a stop below 215.
Target levels are based in fib trend based extension
278,310,375+
*IREDA cmp 232.19 by Daily Chart view since it is listed**IREDA cmp 232.19 by Daily Chart view since it is listed*
- Stock hit ATH 310.00 on Monday 15-Jul-2024
- Symmetrical Triangle breakout done and sustained
- 228 to 235 Resistance Zone been Tested and Retested
- Volumes pretty flat need to increase by good quantity
- Support at 221 > 207 > 194 with Resistance at 242 > 255 > 268
- *Price closure above Resistance Zone for few days will fresh upside momentum*
IREDA - Long term portfolio stockTrying to break above all clustered moving averages
Target 280
New Fundraise and Tie up with SJVN
Taking good long term support
IREDA - Ready To Bounce From Support🔊 IREDA - Ready To Bounce From Support
IREDA - INDIAN RENEWABLE ENREGY
⌛Duration - Short Term (3 month to 5 month)
📊📈 Trade Logic - Bouncing from Long Term Support Area
CMP - ₹232.37
Time Frame - Weekly
🎯Target 1 : ₹260
🎯Target 2 : ₹280
🎯Target 3 : ₹300
🛑 Stop : ₹210/₹220
🏆 Risk/Reward Ratio (1: 2.5)
Disclaimer: The stock information shared here is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
Chart speaks..IREDA what the price tell with volumetargets in blue stoploss in yellow.
chart speaks.
255
next target 266
next target 289
stoploss 199
IREDA Completes Wave4, Strong reversal to be seen towards 400🚨#StrongReversal on #IREDA 🚀
CMP: 230
High: 310
✅Wave 4 Complete on #ElliottWave, Reversal Begins at 230
🎯Targets: range between 360 and 426
📈MACD and RSI show a reversal.
IREDA - Channel Pattern on weekly TFIREDA formed a channel pattern on weekly TF, can accumulate at current price and rebuy if the price comes to 221, with SL @ 216 on daily closing basis..
TARGETS : 252,289,309
Note : I'm just sharing my view, not a buy recommendation!
