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INDIAN RENEWABLE ENERGY DEVELOINDIAN RENEWABLE ENERGY DEVELOINDIAN RENEWABLE ENERGY DEVELO

INDIAN RENEWABLE ENERGY DEVELO

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IREDA trade ideas

IREDA - Indian Renewable Energy Development Agency Ltd. Date : 7-Jan-2024 Rating : Buy (Mid Term as well as Long Term Opportunity) LTP : Rs. 105.10 Target: (1) Rs. 123 --> (2) Rs. 140 --> (3) 168 ++ SL : 85 Technical View: Since the listing, NSE:IREDA is in its primary uptrend. Recently it has given break-out from its secondary down trend and been consolidating between 101 & 105. This break-out and consolidation is giving a bullish signal for a start of new swing within it’s current primary uptrend. Mid-Term View: • NSE:IREDA is likely to make it to the MSCI Smallcap index, according to Nuvama Alternative & Quantitative Research. If research firms to believed then MSCI may make the official announcement on February 13, with adjustments set to take place on February 29. • Any inclusion or increase in stock weightage in global indices like MSCI and FTSE leads to inflows from passive funds, which track that index. Long-Term View: • NSE:IREDA provides a comprehensive range of financial products for promoting, developing, and extending financial assistance for new and renewable energy (RE) projects, and energy efficiency and conservation (EEC) projects. • In it’s National Electricity Plan (NEP), India has charted out to triple its renewable energy capacity by 2030 to meet it’s commitment of a sustainable energy future. However, realizing this vision comes with a significant price tag, requiring a substantial investment of USD 293 billion. 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
2
Cosmic CRF is engaged in manufacturing of Railway Components, Sh Market Cap ₹ 600 Cr. Current Price ₹ 867 High / Low ₹ 1,085 / 181 Stock P/E 93.7 Book Value ₹ 172 Dividend Yield 0.00 % ROCE 35.7 % ROE 84.2 % Face Value ₹ 10.0 Graham ₹ 221 Intrinsic Value ₹ EPS ₹ 12.6 Sales growth % Sales last year ₹ 121 Cr. Sales growth 3Years % Profit growth 5,442 % Profit Var 3Yrs % Profit Var 5Yrs % Return on equity 84.2 % Profit Var 7Yrs % Sales 2Qtr Bk ₹ Cr. ROE 7Yr % Debt ₹ 17.0 Cr. Current assets ₹ 54.5 Cr. Current liabilities ₹ 20.9 Cr. Book value ₹ 172 Free Cash Flow 5Yrs ₹ Cr.
NSE:IREDALong
by dpkrthvideos
2
IREDA - Wave 3 Tops at 156 (Expected 155 ) Next Wave-4 Triangle Disclaimer: Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell. WaveTalks - Market Whispers: Can you hear them? Holding Above 144 , Stock could push upside towards 165-175 target zone & complete one of its minor degree waves upside which started from the recent lows of 103 as discussed in the connecting ideas for the stock. It is amazing to see how stock halted exactly 162% travelling wave 3 distance as shown in the previous idea. What Next? Currently post completing wave 3 upside, stock started doing sideways this morning & the best possible structure to unfold in wave 4 is a triangle. Critical level 144 to hold as support Next Target zone 165-175 Last Ireda Idea - Wave 3 - Up, Up & Away IREDA - Debut Idea
NSE:IREDALong
by WaveTalks
IREDA : Wave 3 - Up, Up & Away at 148.80 from 116Disclaimer: Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell. WaveTalks - Market Whispers: Can you hear them? Recent Performance: Since the last analysis on 17th Jan 2024, IREDA's stock has shown significant volatility and resilience amidst broader market turmoil. Following a gap down opening at 114.30, the stock quickly rallied to 125.60 (17th Jan 2024), outperforming the market even as the BankNifty experienced a major fall of 2000 points approx. due to geopolitical tensions. Key Developments: Response to Buying Zones: The stock opened near the suggested buying zone of 110-112.50 on both 17th and 18th Jan 2024, offering two distinct buying opportunities. The first was met with a rapid increase to 125.60 from opening price of 114.30 on 17th Jan 2024, while the second saw a sharp fall towards 116 giving second buying opportunity on 18th Jan 2024, validating our analysis. Exceptional Market Dynamics: Despite broader market panic due to geopolitical tensions, IREDA followed its bullish trajectory, distinct from general market trends. This resilience reflects strong investor confidence in the stock. Elliott Wave Analysis Confirmation: The stock's movement aligns with Elliott Wave principles, exhibiting characteristic wave patterns. Notably, IREDA's stock demonstrated breakaway and runaway gaps, indicative of strong bullish momentum. Remarkable Gains: Over two special trading days, the stock showed approximately 10% gains each day, culminating in a close at 148.85. This movement is just shy of the 155 target, a significant milestone based on Elliott Wave analysis. Wave 3 in a specific wave degree travels 162% usually & can be extended 262% & 423% depending on the waves unfolding Expected on 19th Jan 2024 Next Steps and Outlook: Potential for Exhaustion Gap: Given the recent rapid gains, the market might witness an exhaustion gap, indicating a potential pause or correction in IREDA's bullish run. Unless we get market signs, stock has potential to fulfil 155, 175 & 190 as discussed in the debut idea last published. IREDA - The Last Idea Conclusion: IREDA continues to demonstrate strong growth and resilience, defying broader market trends. Investors should closely monitor for signs of an exhaustion gap or continuation of the bullish trend. Happy Sunday From WaveTalks Market Whispers - Can you hear them?
NSE:IREDALong
by WaveTalks
3
IREDA - Ichimoku Breakout📈 Stock Name - Indian Renewable Energy Development Agency Ltd 🌐 Ichimoku Cloud Setup: 1️⃣ Today's close is above the Conversion Line. 2️⃣ Future Kumo is Turning Bullish. 3️⃣ Chikou span is slanting upwards. All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 136. 🚨 Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market. #CloudTrading #IchimokuCloud #IchimokuFollowers #Ichimokuexpert Excited about this analysis? Share your thoughts in the comments below! 👍 Like, Share, and Subscribe for daily market insights! 🚀 #StockAnalysis #MarketWatch #TradingEducation #ichimoku
NSE:IREDALong
by nikunjbhadja
IREDA bullish; above 123.5 ? - Tuesday 16 Jan.The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below... SWING Trading Strategy: Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%) INTRADAY Trading Strategy: 1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buy in hope of another 2% upmove intraday. "High Risk Traders" patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also 2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage"). Safe traders with minimum risk profile wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage 3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again. Both Safe Traders/High Risk Traders book profits at this stage This do not constitute, financial, investment, trading, or other types of advice or recommendation.
BSE:IREDALong
by JJ_Breakouts
IREDA vs. IRCTC: Tracking Parallel Stock Successes Disclaimer: Trading in financial markets involves substantial risks. Please consult your financial advisor before making any trading decisions. This message is not a solicitation to buy or sell. Perform your due diligence. WaveTalks - Market Whispers: Can you hear them? Analysis Overview: IREDA's performance in the stock market is drawing attention, much like IRCTC did in 2019. Trading at 119.50, a significant rise from its listing at 50, IREDA is experiencing strong and impulsive market waves. This suggests a big growth potential, aiming for targets of 155, 175, and 190. Key Points of Analysis: 1. Remarkable Growth Since Listing: IREDA's stock value has more than doubled since its listing, showing strong investor confidence and favorable market trends. 2. Potential for More Growth: The trend suggests IREDA is in a bullish phase. Its steady rise indicates an impulsive wave pattern, often leading to quick price increases. 3. Projected Targets with Support Levels: The targets for IREDA's stock are 155, 175, and 190, assuming it stays above the support levels of 107.50 (minor) and the important 100 level (critical support). These targets are based on the stock's current momentum and market optimism. 4. Buying Triggers - Buy This Stock above 127.50 post breakout or Buying close to 110-112.50 zone which retraces the latest impulsive (103 to 127.40 at minor degree) by 61.8% 5. Current Wave Analysis: The stock is currently in its 5th wave of growth within first impulsive wave sequence from the listing price of 50, which is still unfolding. 6. Comparison with IRCTC: Though they operate in different sectors, IREDA's growth mirrors IRCTC's early success in the stock market. Both being public sector companies, they've attracted significant investor interest. The Last Idea on IRCTC – Stellar Debut -The Next Station Please? 7. Investor Sentiment and Industry Prospects: The positive market reaction to IREDA is partly due to its involvement in the renewable energy sector. With growing global focus on sustainability, IREDA is at the forefront of an expanding industry, increasing its attractiveness to investors. Concluding Thoughts: IREDA's stock, with its strong growth and potential for further rise, is a key player in the market. Investors and analysts should watch its progress, as IREDA might replicate or even exceed IRCTC's success. The unfolding 5th wave in its stock pattern and the ambitious targets further emphasize this potential. WaveTalks - Market Whispers: Can you hear them?
NSE:IREDALong
by WaveTalks
3
BREAKOUT IN IREDA📌SWING TRADE FOR NEXT WEEK🚀 Hello guys, I am a swing trader by passion i only trade on swing stocks. 📌I post daily SWING CHARTS analysis on my trading view profile.. so let's start 📌TRADE ANALYSIS OF IREDA :- •Breakout of VCP pattern •Price in Tightness •Volume increases build-up •Bullish trend/ make good structure also •Made good price action •Make higher highs/higher lows 📌 If you have any questions about any stock you can comment on post 📱 📌Disclaimer:- This all chatrs analysis are only for educational purposes only I do not provide any CALL or Tips
NSE:IREDALong
by UnknownUnicorn31634885