⚡ IREDA – VCP Breakout Loading? 🔋
Sector: Renewable Finance | MCap ₹46,990 Cr
📊 Chart Analysis:
A clean Volatility Contraction Pattern (VCP) forming on the weekly chart —
📉 Each dip is shallower
📦 Volume contraction visible
📈 Tight price action near ₹175 resistance
🟢 Breakout Zone: ₹175
Strong fundamentals with rising EPS & sales
🚀 Watch for heavy volume breakout!
📈 Action Plan:
🛒 BUY above ₹175
🎯 Targets: ₹210 / ₹240
🔒 SL: ₹160
#IREDA #VCP #BreakoutStock #CANSLIM #TechnicalAnalysis #Investofino #StockMarketIndia #PowerPlay
Sector: Renewable Finance | MCap ₹46,990 Cr
📊 Chart Analysis:
A clean Volatility Contraction Pattern (VCP) forming on the weekly chart —
📉 Each dip is shallower
📦 Volume contraction visible
📈 Tight price action near ₹175 resistance
🟢 Breakout Zone: ₹175
Strong fundamentals with rising EPS & sales
🚀 Watch for heavy volume breakout!
📈 Action Plan:
🛒 BUY above ₹175
🎯 Targets: ₹210 / ₹240
🔒 SL: ₹160
#IREDA #VCP #BreakoutStock #CANSLIM #TechnicalAnalysis #Investofino #StockMarketIndia #PowerPlay
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.