Get started
INDIAN RENEWABLE ENERGY DEVELOINDIAN RENEWABLE ENERGY DEVELOINDIAN RENEWABLE ENERGY DEVELO

INDIAN RENEWABLE ENERGY DEVELO

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals Bonds

IREDA trade ideas

IREDA Levels IREDA is currently trading at 230.55, and I am anticipating a bullish price movement. My initial target is 240.00, aligning with a significant previous quarter's high, which could act as a liquidity pool where buy-side orders may rest. A move to this level would suggest the market is efficiently drawing liquidity upward. My final target is 310.00, corresponding to the previous year's highs, representing a larger liquidity draw. Observing how price trades through these levels can provide insight into the market's delivery process and the institutional order flow. #IREDA
NSE:IREDALong
by EmpireCrown
IREDA trade set up ideaIREDA (Indian Renewable Energy Development Agency) is currently showing promising technical indicators for traders: Current Price and Trend The current stock price is around 218.47 INR, with recent bullish signals indicating potential upside movement124. Technical Analysis Highlights Breakout Signals: The stock has broken above a descending trendline, suggesting a potential trend reversal. EMA Performance: Trading above the 200 EMA (currently at ₹190.05), indicating a shift to a bullish long-term sentiment. Volume Dynamics: A significant volume spike has accompanied recent price movements, adding credibility to the bullish trend. Price Targets and Trading Setup Traders are suggesting the following potential targets: Positional target of 300 INR Intermediate targets: First target: ₹240 Second target: ₹260 Risk Management Entry point: ₹218 (above breakout candle's high) Stop Loss: ₹205 (below recent consolidation and EMA 200)4 Additional Observations The stock is currently down 15-20% from its recent high RSI is at 62.38, showing strength while remaining below the overbought zone. Analyst Forecast One analyst has set a price target of 280.00 INR, which aligns with the bullish technical indicators observed in the current analysis. Disclaimer: This analysis is for informational purposes only. Always conduct your own research and consult a financial advisor before making trading decisions.
NSE:IREDALong
by KarniKripaa
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.
NSE:IREDALong
by kausar13n
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
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.)
NSE:IREDA
by SiddhantM45