IREDA
Rally - Base - Rally price action
1.First Rally, then forming Base in the VCP pattern (Volatility contraction) & then again expected Rally after break out of the neck line.
2. Close above previous day High(170.4)
3. Close above last week High(169.7)
4. Close above last month High(163.7)
4. High increase in 1 month (+21.2%)
8. Promoter holding...
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
NSE:IREDA has been a darling of traders since listing and now it is following a very beautiful trendline. Traders can keep this line as a stop loss and can continue riding as long as it holds it. IREDA is a PSU which finances green projects and also recently got a Narvratna status.
NSE:IREDA
Drawing Fibonacci Retracement and Extension of recent High near 215 and Low near 121, stock is trading below 0.618 retracement level. Stock has potential to touch All Time High level if crosses above 178 and maintain to trade above 178 level on weekly closing basis.
Stock has potential to go 270 level if crosses ATH level on the weekly close basis....
Date : 3-Apr-2024
Rating : Buy - Positional Trade
LTP : Rs. 157.20
Targets: (1) Rs. 163 --> (2) Rs. 185 --> (3) Rs. 214 --> (4) Rs. 272
SL : Rs. 140
Technical View:
• NSE:IREDA is moving in down trend since 6-Feb-2024.
• After touching the life time high of 214.80 on 6-Feb-2024, it has retraced 44% to 121.05 level.
• NSE:IREDA has broke out from its...
📌SWING TRADE FOR NEXT WEEK🚀
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I am a Swing Trader by Passion i only trade on Momentum Stock's.
📌I Post Daily SWING CHARTS Analysis on My Trading view profile..
So let's Start
📌TRADE ANALYSIS OF -IREDA-
• Potential Breakout Chart
• VCP Pattern ...
IREDA is one of the major part of renewable basket is looking good at level for 138.
As we do see stock is already on his. support and and we see double bottom at this level and now stock give us confirmation about trend change.
IREDA : CMP: 138
TARGET 160
SL : 124
- weekly chart seems pennant flag pattern and falling wedge break out
- similarly volume also breakout
- may consider when it became correction.
this analysis is for learning purpose only.
It is just a view, please trade at your own risk. I'm not SEBI registered adviser.
As per the Inverted Flag and Pole Pattern definately will follow downtrend, as the revised circuit is 20%, you may short it and get good gains in short term.
POSITIONAL TRADE
IREDA
Looks Good ABOVE 185
SL 99
Targets 230-265-280-300-310-322
Hold few months
Please consult your financial advisor before investing
All research for educational purposes only.
Reversal from bottom, RSI is shifting in upper direction. Stock is ready to cross past barriers with good volumes.
The Indian Renewable Energy Development Agency (IREDA), a Mini Ratna (Category - I) government enterprise, was established in March 1987 and is primarily engaged in the promotion, development, and provision of financial assistance for renewable energy (RE) and energy efficiency and conservation (EEC) projects.
IREDA appears to be in good health at 138 and could...
The Elliott Wave analysis indicates that the stock has finished waves (i) and is nearing the end of waves (ii), which are shown by blue numbers on the daily chart.
Wave (i), also known as the impulse wave, unfolded into five waves, which are illustrated in red.
Wave (ii), also known as the corrective wave, unfolded in an a-b-c pattern, as indicated in red....
IREDA looking good on daily timeframe.
If it closed above 145-150 level this week then we can expect the up move towards 170-180-200 level in next 1-3 months.
After the IPO IREDA performed very well and after giving the breakout at 120 level now it had taken support at the same level and also given the breakout form its narrow consolidation or buildup range. Stop loss below 121 since it can come back to 40 RSI (which is my assumption)
