IREDA – VCP Breakout Loading? ⚡ 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
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IREDA trade ideas
IREDA Breakout Scenario (Upside):
If the price breaks above the upper line of the triangle, it will be considered a bullish signal.
Target Price: The upward movement could be equal to the height of the triangle, which may take the price to around ₹200–₹220.
Breakdown Scenario (Downside):
If the price breaks below the lower trendline, it will be considered a bearish signal.
Target Price: The downward movement could bring the price down to around ₹140–₹130.
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IREDA SWING TRADE SETUP📊 Price Action & Trend Analysis
Analyzing market trends using price action, key support/resistance levels, and candlestick patterns to identify high-probability trade setups.
Always follow the trend and manage risk wisely!
Price Action Analysis Interprets Market Movements Using Patterns And Trends On Price Charts.
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Indian Renewable Energy view for Intraday 14th May #IREDA Indian Renewable Energy view for Intraday 14th May #IREDA
Resistance 170 Watching above 171 for upside movement...
Support area 165 Below 165 ignoring upside momentum for intraday
Watching below 164 for downside movement...
Above 170 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
IREDA India should target 253.8Daily chart,
The stock NSE:IREDA has crossed a falling expanding wedge, and the target is 253.8, passing through a strong resistance level at 234.3
However, there is a strong Resistance line R, currently around 172.7
So, after stabilizing above 172.7 for 2 days, the target should be confirmed for a new entry (buy)
Consider a stop loss below 154, and raise the level along with the bullish movement.
Technical indicators:
RSI is forming a bullish direction - positive
MACD is about to cross up the zero line - To be assertive after crossing both the zero line and its signal.
IREDA India should target 253.8
Daily chart,
The stock NSE:IREDA has crossed a falling expanding wedge, and the target is 253.8, passing through a strong resistance level at 234.3
However, there is a strong Resistance line R, currently around 172.7
So, after stabilizing above 172.7 for 2 days, the target should be confirmed for a new entry (buy)
Consider a stop loss below 154, and raise the level along with the bullish movement.
Technical indicators:
RSI is forming a bullish direction - positive
MACD is about to cross up the zero line - To be assertive after crossing both the zero line and its signal.
Review and plan for 16th April 2025Nifty future and banknifty future analysis and intraday plan in kannada.
Result stocks.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
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.
BUY IREDAAfter downside consolidation, stock has show reversal sign and change trend tendency. trader can look forward to buy at current level 196-200rs with TARGET OF 127, 145 AND FOLLOW STOPLOSS OF 175.
Indian budget will present in next month and experts are looking for incremental Government spending which will ultimately beneficial for renewable finance company like IREDA.
A great time to re invest in IREDA.The stock has fallen almost 40% from its all time high and has taken out a lot of retail Stop losses and has given a change in its short term trend could end up into a long term trend.
Enter with decent quantity for a positional trade.
Disclaimer:
Investment should be done only when you are conviced on your idea instead of copying someone else, so do your own research before investing.
IREDA 2 BO OR NOT 2BO ?Ireda is pushing at the breakout level after long consolidation. A close above 241 will be valid breakout. RSI is rising and volumes are picking. The budget may offer more sops to the renewal sector. Valuations of private renewable energy companies is at a high .IREDA may join the party.
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!
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.
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!
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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.