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INDIAN RENEWABLE ENERGYINDIAN RENEWABLE ENERGYINDIAN RENEWABLE ENERGY

INDIAN RENEWABLE ENERGY

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IREDA trade ideas

IREDA (Indian Renewable Energy) - Elliott Wave AnalysisCurrent Market Structure: The chart suggests that IREDA is undergoing a Wave (2) correction after completing a strong impulsive Wave (1). The corrective phase is labeled as an A-B-C structure, indicating a possible end to the pullback in the coming weeks or months. Wave Count & Key Levels: Wave A initiated the downward correction, followed by Wave B retracement, and now Wave C is in progress, subdividing into a five-wave pattern. The projected completion zone for Wave (2) is highlighted in the ₹50–₹80 range, aligning with Fibonacci extensions and previous structural support. An additional 1.618 Fibonacci extension target is placed near ₹23.78, though this would be an extreme case. Outlook & Strategy: If the price reaches the projected support zone and shows a strong reversal, it could indicate the beginning of a Wave (3) uptrend. A confirmed break above key resistance levels and trendlines would strengthen the bullish case. However, if selling pressure continues, a deeper correction toward the extreme target cannot be ruled out. 🚨 Disclaimer: The content shared is for educational and informational purposes only and should not be considered financial advice, investment recommendations, or trading signals. I am not a SEBI-registered analyst or advisor. Always conduct your own research and analysis before making any financial decisions. Trading and investing involve significant risk, and past performance is not indicative of future results. I may be completely wrong in my analysis. Please consult a professional financial advisor before making any investment decisions.
NSE:IREDA
by kalpeshloke
IREDA :High Voltage DramaIREDA Analysis (20th Dec 2024) The chart showcases a Bullish Flag Breakout , a golden retracement zone, and defined targets. Let’s analyze actionable insights and strategies. Current Structure: The stock has broken out from a bullish flag pattern, indicating a strong uptrend. Retracement to the green zone (191-204) is likely before continuing its rally. The first target zone is 243-248, with an extended target at 278. A stop-loss at 186 is set below the golden retracement zone. Action Plan: Buying Opportunity: Enter between 191-204 (retracement zone). This level aligns with Fibonacci retracement and prior resistance turned support. Targets: Partial profit booking near 243-248. Trail stop-loss to 220 for a move towards the extended target at 278. Stop Loss: Place below 186 to limit downside risk. Risk-Reward Ratio: Buying at 200 with targets at 243 and 278 offers a strong risk-reward of approximately 1:4. Key Educational Note: The breakout from a bullish flag pattern signifies continuation. Retracements are opportunities to enter the trend with limited risk. Disclaimer: This analysis is for educational purposes only. Always verify with a certified financial advisor. Like and share to support!
NSE:IREDALong
by LiveTradingBox
IREDA WEEKLY TF AND DAY TF ANALYSES IREDA's stock has shown a significant upward move since its IPO, and despite many positive fundamentals, it's currently presenting a good buying opportunity from a technical perspective. In the weekly timeframe, the stock has reached a zone that previously acted as a supply area, and this is the first time it’s revisiting that level. In the daily timeframe, a parallel channel pattern breakout has already occurred. There is a strong expectation that the stock will soon reach its previous all-time high, making this a potentially profitable entry point.
NSE:IREDALong
by Kannansen
2
IREDA Analysis - Investofino📈 Stock Alert: Breakout Opportunity 📈 🚀 IREDA Analysis Buy Above 237: Watch for a breakout at this level for potential upside. Target 360: Set your sights on this profit level. Bullish Momentum: Indicators suggest strong buying interest with improving volume trends. 🔑 Plan your trade and stay ahead with disciplined strategies! Follow @investofino for real-time insights. 🚀 #StockMarket #IREDA #TradingTips #BreakoutStocks #InvestSmart #investofino @investofino
NSE:IREDALong
by xManinderSinghx
POTENTIAL LONG OPPORTUNITY IN IREDA AFTER GOOD RESULTSHello Community! IREDA reported strong results with 38% increase in sales and 36% sales in profit. The result is already factored in the market as the price went up sharply. Now the price has come down 50%. Despite this fall, there are no significant red volume bars observed. This suggests that there is not much of selling pressure. In the weekly chart, higher lows are being formed. Price is retesting the exact same levels where it broke out of the resistance. In the daily chart, price is trading in a downward trendline and above the strong support levels. Once it is broken, we can enter with a very good risk to reward ratio as shown in the chart. DISCLAIMER: THIS IS NOT A RECOMMENDATION AND IS SHARED ONLY FOR EDUCATIONAL PURPOSES.
NSE:IREDA
by sabegum1297
IREDA is ready for breakout?Overview: NSE:IREDA is a fundamentally strong stock that entered a downtrend after reaching its all-time high (ATH) of 310. This stock is a trendy stock, which follows a trendy price action. After breaking its previous ATH of around 215, it surged to 310, delivering a 42% return. Following this rally, it pulled back to the prior ATH of 215 and bounced back from that level. This bounce suggests a potential breakout, which could indicate the continuation of the uptrend. Trade Plan : The price has found strong support at 215, indicating bullish momentum. If the price breaks the vertical and horizontal resistance of 235 on the daily timeframe and sustains above it, consider opening a buy position with a stop loss placed below 215. In case the price doesn't break this resistance, consider waiting for a breakout. While the price consolidates between 215 and 225 accumulate buy position. During this period, it’s crucial to maintain a strict stop loss below 215, keeping your risk-reward ratio in mind and aligning with your risk management strategy. Targets: 1st TP: 265, 2nd TP: 305, 3rd TP: Trail until stoploss hit. If you found this analysis helpful, please hit the boost and follow for more updates. Note: All ideas shared here are solely my personal opinions for educational purposes and do not constitute financial advice. Always conduct your own analysis or consult with a certified financial advisor before making any investment or trading decisions. I am not responsible for any financial loss that may occur as a result of following this information.
NSE:IREDALong
by MrSharelock