IREDA trade ideas
IREDA CASH LEVELS IREDA's next targets are 150,160,170 & 175++.
If u like my Analysis, then plz comment.
Long term Investment Idea | Sharda Crop | 60% Upside PotentialLong term Investment Idea |
NSE:IREDA
| 60% Upside Potential
✅ IREDA CMP - Rs 138
✅ Excellent QoQ /QoQ FY EPS growth
✅ Company Earning excess return
✅ During the past twelve months, the company has given a strong Net Margin of 26.01%
✅ All key Trailing Twelve Months Margin growing by 15 %
✅ Steady Growth in EPS for last four quarters
Targets as per chart drawings
Thanks
IREDA loosing its streak ? another 30% fall ? cmp 177Stock Update - IREDA cmp 177 ( Downgrade )
Recent IPO listed IREDA rallied more than 300% with the High of 214.80
Profit booking and Weak Fundamentals dragging down with 5 consecutive lower circuits, fell around 30% from its high.
Lower supports levels placed at 145 and Weekly support zone 102.25 - 107.80
Resistance 189 - 193.20
Fresh entries are not advised at current levels
IREDA to 200 in MARCH?This trading idea is a bull flag breakout scenario which might happen in the near future. Rest everything is written inside the chart, kindly refer to it
Multi Bagger (IREDA) LongCaution: Multi Bagger (started its journey)
Why?
Indian Renewable Energy Development Agency Ltd
ABOUT
Incorporated in March 1987, Indian Renewable Energy Development Agency (IREDA) is a Mini Ratna (Category - I) government enterprise in the business of promoting, developing, and extending financial assistance for new and renewable energy (RE) projects, and energy efficiency and conservation (EEC) projects.
KEY POINTS
Business Profile Co. provides a comprehensive range of financial products and related services, from project conceptualization to post-commissioning, for Renewable Energy (RE) projects and other value chain activities, such as equipment manufacturing and transmission.
Projects IREDA has financed projects across multiple RE sectors such as solar power, wind power, hydropower, transmission, biomass including bagasse and industrial co-generation, waste-to-energy, ethanol, compressed biogas, hybrid RE, EEC, and green-mobility
Loan Book IREDA has a diversified loan book of Rs 47,514 crore in September 2023. It has demonstrated strong growth of 30% CAGR between FY21 and FY23
Loans Disbursed Loans sanctioned have increased from Rs 11,001 crore in FY2021 to Rs 32,587 crore in FY2023. Loans disbursed increased from Rs 8,828 crore in FY2021 to Rs 21,639 crore in FY2023.
** Improving Asset quality
GNPA's - 8.77% in FY21 vs 5.21% in FY22 vs 3.21% in FY21.
NNPA's** 5.61% in FY21 vs 3.12% in FY22 vs 1.66% in FY23.
Geographical Presence IREDA has a geographically diversified portfolio across 23 states and five union territories in September 2023.
Credit Rating The share of secured assets was 93.41%. IREDA has been rated highly by credit rating agencies as AAA (Stable) by India Ratings, ICRA, and Acuite.
Loan Concentration The largest borrower accounts for 3.9% of the loan book, top 5 for 16.2%, top 10 for 25.9%, and top 20 for 39.7% in September 2023.
The company has 60.72% of the loan book in top five states (Rajasthan 15.5%, Karnataka 13.8%, Andhra Pradesh 13.7%, Gujarat 9.9% and Maharashtra 7.9%) in September 2023.
Loan Book Bifurcation - Sectorwise
Private Sector - 73% in FY23 vs 66% in FY22
Public Sector - 27% i n FY22 vs 34% in FY22
IPO DetailsCo. intends to raise 2150 Crs through the IPO of which 1290 Crs of fresh issue will be utilised for:
A) Augmenting the capital base to meet future capital requirements and onwardlending.
B) Listing Benefits
Give 10% space in your portfolio
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IREDA (CAN KEEP AN 👀)IREDA
1. Fresh setup can be seen
2. View is buy on dips,
3. RSI is above 80+
4. A retest to 134 levels looks good to add
for a fresh new targets.
5. Upside Potential :- 158/175/197++
Major levels to accumulate for investment or swing trading.I have marked the Major levels to accumulate for investment or swing trading according to Fibonacci and support levels.
IREDA: loss book karne ka IRADA?the counter has given shock...today is 5th day consecutive lower circuits, though I feel this may be the end of LCs, stock is at its channel bottom, also it has touched fib level. The confluence tells that it may have reach a good support hence we may see a northwards movement from here. Any further fall ie below 152 may cancel the above analysis. Time 10:20 AM- IREDA in LC
IREDA Trend AnalysisPrice is moving inside a rising wedge pattern as highlighted in grey.
It is a bearish pattern unless the price breaks out of the upper trendline.
To keep it simple, buy when the price reaches near the lower trendline and sell when price reaches near the upper trendline.
Around 65 % upside potential is there if bought near 155 level for a target of around 260 level with SL @ 140.
Then it can fall to 100 odd levels for fresh buying.
Will update if any changes will happen regarding price pattern.
Do your own due diligence before taking any action.
Peace!!
IREDABUY IREDA FOR 10% UPSIDE
TGT - 122 AND MORE
SL - 105
-- DISCLAIMER --
I am not a financial advisor or SEBI registered.
This is just a view.
Please DO YOUR OWN RESEARCH before investing in any stock.
Happy trading.
Peace.
IREDA - Swing Trade Opportunity 15% ROI IREDA Poised for a 15-18% upmove from CMP.
Reversing from a 2 week old consolidation - Bullish flag breakout - Trend continuation.
Entry - Between 100 and 104. Target 110,113.40 119-123.
IREDA Complete the Downside, Now possible Start for upside moveIREDA Clear for the downside move Now will start for Upside Possible Target for 133-143-155-162
Stoploss 101 Cmp.122.60
IREDAThis stock breakout previous high breakout and create good opportunity for swing trade but candle closed strongly in D TF i am considered as good breakout
and this is only for educational purpose only
IREDA - Indian Renewable Energy - Buy OpportunityAs per previous chart history and technical analysis along with Fundamental inputs of the stock, it indicates that you can buy or hold your stock for profit in short term as per chart analysis.
Wait for reversal for better entry or Buy at 124 and hold for big profit.
If broken downward, a big bearish trend is seen on the downside chart
All major points & downward levels mentioned on chart
Do your own research because I am not SEBI registered person and this is my personal opinion about this stock
Thanks for your support as always
IREDA Short below Anchored vwap levelIREDA Short below 118.20 invalid above 124 possible target 111-108-102
