IREDA - Reversal Candidate At channel support
25%+ fall from the ATH
Trading above EMA100
Volume drying
Disc: for study, not a recommendation
IREDA trade ideas
Ireda price coming to trend line support!..will it make / break Hello 👋
IREDA..
* Stock is in downtrend
* Currently price facing resistance
* If stock goes below 210 more downside can be opened
* But if price sustain above 230 then it can be a trend reversal..
* It's a good long term bet.. the only thing is it's a PSU stock.. any govt obligation can have a strong impact on price.
It's my view. Plz DYOA. No buy or sell recommendation 🙏
Please boost my idea if you find it useful 😉
IREDA Stock Reversal | Long Term InvestmentIf Stock complete 4 wave then 5 wave come. 5Wave TG Minimum 300
Entry on dips
SL- 195
TG -300/340/400
Do Your own analysis If take entry.
IREDA LONGThe Elliott Wave analysis indicates that the stock has finished waves (i) and (ii), moving in the wave (iii), which are shown by blue numbers on the daily chart.
Wave (iii), also known as the impulse wave, unfolded into five waves, which are illustrated in red.
waves i, ii and iii are finished and shown in red colour on the chart.
Wave (iv), also known as the corrective wave is about to finish as indicated in red.
It is a buying opportunity on the downturn (dip).
Wave v of wave (iii) will unfold in five waves, as illustrated in the black circle.
Wave levels are depicted on the chart.
Level of Invalidation
The invalidation level of 192.20 has been identified as the starting point for wave i of wave (iii). If the price falls below this level, it means that the projected Elliott Wave pattern is not as it appears.
I'm not a registered Sebi analyst. My research is done solely for academic purposes.
Please consult your financial advisor before trading or investing. I bear no responsibility for your profits or losses.
Regards, VJ.
Stock near Accumulation Zone: IREDAIREDA has fallen considerably from 300 levels in the last month.
It has broken the 20 EMA and is trading just above 50 EMA.
When the 20 EMA price goes below 50 EMA, we can confirm the bearish trend.
Support levels:214, 174
If it takes the support around 50 EMA we can expect a decent rally.
IREDA Shorterm pattern In shorter IREDA showing impulsive movement
Wave 1 retraced to 78.6%
Wave3 attained 161.8%
Wave 4 retraced 38.2% may go to 50% , price movement above around 270 , can show unmoved forming 5th wave.
Elliott wave analysis
Open for any suggestions and reviews.
Support Levels: IREDAIREDA has been in downtrend for more than a month.
It has broken 20 EMA, trading just near 50 EMA.
If the current levels are maintained, we expect some consolidation.
Else, the support levels are around 234, 214, 177.
PE is also high.
MACD Crossover Below Signal Line indicating bearishness
IREDA ( going to shoot up ); 2024- best pick; min 100% ROIMay be going to became "Hot stock - 2024"
Fundamentally good stock,
Good For short term/ long term investment in cash market'.
Leave a " Like If you agree ". 👍
.
.
Enter only after breaking & close above " Yellow box" mentioned.
'
'
Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency💹
Refer our old ideas for accuracy rate🧑💻
Valuable comments are welcomed-✌️
.
Refer old ideas attached below🧲
Follow for regular updates👍
Upcoming MulitBagger Story NSE:IREDA in the next 12-18 month in this company growth will be in possible in different orbit. In my opinion we can expect huge upside in this stock in upcoming months. Recent quarterly number are also good so in next week we can expect huge upside movement.
Not a Buy/Sell Recommendation, only my study purpose
IREDA BUYING OPPORTUNITY IREDA looking good for swing trading.
Entry🚦
If sustained above 260 level.
Target 🎯
280 - 300 - 320
Stop loss 🛑
245 - Swing Trader (short term Trader)
230 - long term investor
Had and shoulder making in IREDAI don't want to tell here what is head and shoulder pattern everyone knows that pattern now the main part is it is big around IREDA. Also it will go huge from here if the market sentiments will be good for it.
Indian Renewable Energy Development Agency (IREDA)IREDA Share Price Overview
As of the latest trading session, the IREDA share price stands at ₹239.65 on the NSE, reflecting a 1.46% increase. This upward movement is encouraging for investors, especially given the recent trends in the renewable energy sector.
Technical Analysis of IREDA
The updated chart shows that IREDA's stock is currently above its 50-day moving average of ₹246.22, but has recently faced resistance near this level. The stock is showing a slight consolidation pattern, with support around ₹208.04, based on the 200-day moving average.
The resistance level at ₹256.51 is crucial for the stock. A break above this level could indicate a renewed bullish trend, while a failure to surpass it may lead to further consolidation or a pullback to the support level.
IREDA Stock View#ireda #elliotwaveanalysis #elliotwave
My view on IREDA stock.
Currently stock is hovering around minimum 0.38 fib level, its a crucial support, breaking it might cause to fall at overal support of 214 and 210 levels.
IREDA - Forming Potential C&H. Best above 268IREDA - Beauty of charts !! Initially i spotted this chart forming VCP pattern, post which the stock ran up to 300. (see my prev. post)
Post correction, the stock now is forming potential Cup & Handle Pattern.
Educational Tip : Please spend some time on chart patterns. My Fav. being Flag & Pole, C&H and VCP.
View valid above 268 for target of 300, 415 and 600+
Strict Stop loss of 235.
Disclaimer : Educational Post. Please do your own research.
-----------------------------------------------------------------------------------------
My Previous POST on IREDA
IREDA - PIVOT buy point triggered for swing trade#IREDA
~ Stock bouncing back from 10 MA support
~ Looks strong for swing trade
~ Expected level to watch - 280, 290
#SWINGTRADE
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.
IREDA on the edge of a fall or riseAfter a continuous uptrend, IREDA is now completing its downtrend, which appears to have concluded at 232 on July 23rd. However, if we consider its attempt to break the trendline and move upward, it seems to be failing. Thus, we may assume it is on the edge of a blade, from where it could either rise or fall. Entry levels for this stock are provided for both scenarios, along with initial target projections.
IREDA Elliot wave analysis and targetsIREDA seems to be in wave (iii) of wave 3 (major wave) and that is supposed to be longest and strongest and hence after successfully completing C&H pattern target of 250 it is still bullish and can now target towards 300+ target.
Overall for Longer Term it is looking bullish so one can ride it using stop loss trail strategy for further up moves.
It is difficult to catch the top of this wave but Fib retracements drawn can be considered for now.
*** Please note this is not a trade advice but just chart analysis study shared for educational purpose, one must do his/her own analysis before taking any trade.
IREDA Long PositionalDate : 22-06-2024
-------------------------------------
SWING & BO RESEARCH TO OBSERVE
IREDA Looks Good @ CMP
SL 97
Target 229, 276, 323++
Hold few weeks
Please consult your financial advisor before investing
All research for educational purposes only.
