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INDIAN RENEWABLE ENERGY

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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. 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 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. If you like my analysis do comment and give a boost. It boost our energy to do more analysis.
NSE:IREDALong
by rahulxvaishnav
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
NSE:IREDALong
by nazeertrader
5
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
NSE:IREDALong
by haresh2408
3
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
NSE:IREDALong
by Dr-Ajay-Bagirathy