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Iredatrendanalysis

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 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
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!!
NSE:IREDA
by Swastik24