pattern breakout & fundamentally super hero stock.lets book 20%.Technically and fundamentally strong.In a span of 1 year our investment doubles.
IRMENERGY trade ideas
IRM Energy LtdNSE:IRMENERGY
Long Position on IRM Energy
Trade Execution:
Entry Point: Buy at the current market price of 460-465.
Target Price: 530/580/640
Stop Loss: Below 430.
IRM Energy, a leader in the renewable energy sector, presents a compelling long investment opportunity due to its robust financial performance, strong market position, and favorable industry trends. The company's recent expansion into emerging markets and innovative technology development are poised to drive significant growth.
Favorable Industry Trends:
Global shift towards renewable energy driven by environmental concerns and regulatory support.
Increasing government incentives and subsidies for renewable energy projects.
Rising demand for clean energy from both residential and commercial sectors.
Technical Analysis
Strong Support Levels: The stock has shown solid support in the 430-450 INR range.
Technical Indicator: The Relative Strength Index (RSI) indicates that the stock is currently oversold.
Risk to Reward Ratio: The current setup offers an excellent risk to reward ratio
IRM Energy is currently trading at a Price-to-Earnings (P/E) ratio of 21, below the industry average of 30, indicating potential undervaluation.
Thanks & Regards
S_Rawat
Disclaimer:
The trade idea presented is for educational purposes only and should not be considered as financial advice. Trading in financial markets involves substantial risk and may not be suitable for all investors. You are solely responsible for your own trading decisions and actions. Please conduct your own research and consult with a qualified financial advisor before making any investment or trading decisions. Past performance is not indicative of future results. Trade at your own risk.
Thanks
IRMENERGY Long
Please consult your financial advisor before investing
All research for educational purposes only.
Stock is ready to cross past barriers with good volumes
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall.
Trendline Breakout in IRMENERGY
BUY TODAY SELL TOMORROW for 5%
Formation of Flag and pole pattern in irm energyIrm energy is making a flag and pole pattern in daily time frame . Once it gives breakout of this pattern then 20% upmove is possible . It will be confirmed once breaks its all time high of 567. So one buy it at current market price near 510 to 525 and can wait for the targets up to 680 with a stoploss of 485.
IRM ENERGYIRM ENERGY - Recently IPO and Breakout and expected level is 600+ City Gas Distribution player in southern part of INDIA and expanding the footprints all over Bharat. Add on dips and down the line it will reward with good returns...
IRM ENERGY- IPO BREAKOUTMy outlook on IRM ENERGY
CMP at 522
Most of the IPO Breakouts are crazy and gives good profit
Here is an IPO breakout with volume blast
Narrow monthly CPR
Monthly resistance broken
#IRMENERGY
#BREAKOUTSTOCKS
#investing #SwingTrading
