Go long in IREDAThere is a trendline breakout in IREDA and also it has retraced from 0.78 level. So, go long in IREDA for the targets of 240,251,262.70 & 270.
IREDA trade ideas
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.
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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.
0.5 Fib retracementLooks like IREDA is has finally taken a support on 0.5 fib and moving upwards.
Volume is significant.
Fundamentals are good.
FII stakes are up.
NOTE: I do my analysis, do yours before trade.
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IREDA!! Ready for the movement once again?As we can se the strong inflow🚀 in July 2nd week had a base opening of 232 📈 and there's a good rejection from lower levl on weekly chart ☠️. The next weekly candel will be the desicive one..
Perfect time to buy iredaAs we can see a clear picture of up trand in a stock
After long consolidation and retest now the stock is ready to move big move
After brakeout of trand line and consolidation zone we can take a trade
Stop-loss below consolidation zone and profit upto 45% to 50%
Indian Renewable Energy Development Agency LtdEarlier, on 29 August 2024, the company's board approved raising of funds by way of equity capital for an amount upto Rs 4,500 crore in one or more tranches through further public offer (FPO) / QIP / right issue / preferential issue or any other permitted mode or a combination thereof.
IREDAReversal after taking support from previous breakout levls 🚀🚀💥. Also taking support from 0.5 levls..
IREDA IS READY TO BURST WITH FULL ENERGYNSE:IREDA is slowly storing energy to give huge breakout and give New ATH.
Currently IREDA is wave 5 candidate in weekly chart and wave 3 candidate in daily charts.
As all we know what happens when these two combines there is high probability the charts can go up.
The view is applicable until the chart stay above 220, The view is invalid when it is below 215, any movement below 215 is a bearish view.
Otherwise the upper targets are
245
265
280
300
325
350
Disclaimer
The above analysis is just sharing of knowledge and not an investment advise, we are not sebi registered and please DYOR before taking any trade as our trade idea is not entitled to your profit/loss. Please take advise from your financial advisor before investing your valuable and hard earned money.
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IREDA coming close to entry level-for long term investorsdear investors ,a big chance for us to grab a multi bagger at a reasonable price .IREDA at addable position in your portfolio between 210 and 225 ...it is trading in a confluence zone.taking support on a trendline and flipped resistance level .weekly chart is taking support on 20 ema .you can see shake out red candles in all time frames .looks like institutions are grabbing the stock from retailors..i am accumulating with patience and keeping for long term target of 1000. reversal can happen on 0.618 fib level
IREDA chart analysisIREDA chart analysis on daily time frame. This looks like at its support level. We can wait for a bounce back sign. Please give your valuable feedback and follow for more.
IREDA Expecting to give me buy Signal Please See DAY chart for IREDA with MACD, Fib Level Support as well as CVD. It looks like it is poised for uptrend now.
0.55 Fibonacci retracement Good volume build up in daily time.
Expecting good volume build in weekly time, if that didn't happens then setup fails.
Price taking support form 0.55 Fibonacci retracement. Wait for weekly conformation.
Fundamentals are good.
FII stakes are up.
NOTE: I do my analysis, do yours before trade.
IREDA - for Long termIREDA is currently struggling to make an up move.. there has been long consolidation since 18-July-2024
critical support levels are 232 & 214. if the stock breaks these levels and the final support is at 177 only..
STOPLOSS for long term trade - 177
STOPLOSS for short term trade - 214
Current Market Price - 237
long term targets - (6 months to 1 year)
First target - 310 (30% from the current market price)
Second target - 358 (51% from the current market price)
Third target - 435 (84% from the current market price)
Short Term Targets - (3 months to 6 months)
First Target -265 (11% from the current market price)
Second Target -282 (19% from the current market price)
Third Target -310 (30% from the current market price)
kindly consult your financial adviser before investing and this idea is for education purpose only and cannot be treated for real time investment
ireda is the breakout in weekly . this stock is ready for the upper side target focus this stock.
buy...current price
sl.....233
tgt....290
only weekly follow this stock.
IREDA Nearing Breakout Levels: Key Zones to WatchIndian Renewable Energy Development Agency (IREDA) is approaching a critical breakout zone. Currently trading at ₹244, it's positioned within a key range with strong resistance at ₹310. Keep an eye on the stock for a potential breakout above ₹254 or a breakdown below ₹233. These levels could define the next major move.
Indian Renewable Energy Development Agency Ltd215 bay
Indian Renewable Energy Development Agency Ltd was incorporated as a fully owned Govt. of India enterprise under the administrative control of the MNRE. Furthermore, the company was notified as a public financial institution and is also registered as a non-deposit taking NBFC with the RBI.
The company was established for the promotion, development and commercialisation of new and renewable sources of energy and provides financial assistance to energy efficiency and conservation projects. The GoI conferred the status of Mini Ratna under Category-I upon IREDA in June 2015.
RBI classified company as “Infrastructure Finance Company
Company has delivered good profit growth of 33.9% CAGR over last 5 years
Stock is trading at 7.64 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
Company has low interest coverage ratio.
Company might be capitalizing the interest cost
ireda bullishIREDA , i have seen the elliot wave formation in ireda, e point have 354 target, and from then i have see the 900+ target,
go for long.
IredaIreda Chart Analysis 24/07/24..........
Long : 232
Add more : 214
Sl : 200
Target : 310 / 335 / 360 / 435
Enjoy !
SWING IDEA - IREDAStock forming Higher High and Higher Low Pattern.
MACD Histogram has changed to BUY and MACD Cross indicates good entry too.
Looks good for another 10-15% from here.
IREDA given a breakout ? cmp 182.70after a healthy correction of 48%, rebounded more than 55% and given a weekly breakout. expecting to move another 12% to 18% in short term.
Target 201, 213, 236
Support 153.60 - 163.50
IREDA S/R for 12/7/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline.
Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities.
Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement.
20 EMA: The yellow line denotes 20 EMA, to interpret the 20 EMA, you need to compare it with the prevailing stock price. If the stock price is below the 20 EMA, it signals a possible downtrend. But if the stock price is above the 20 EMA, it signals a possible uptrend.
Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
