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 trade ideas
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.
IREDA S/R Support 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.
IREDAStock is very volatile due lot of speculation before and after election results.
since there is no major changes in the policies from the union government the importance to Renewable energy remains a priority.
Current Market Price on 14-Jun-2024 - 179.1
Accumulation & support zone is between - 177.5 - 174.6
Stock can be added in dips up 170.9 - for short term traders this is the stop loss. for long term investors this stock can be added up to 155 levels
immediate resistance & target is seen at 183.9 if this is broken then the next target is 200
for long term targets are 214.3 & 237
This is not a suggestion to invest.. this if education purpose only.. kindly consult your financial adviser before investing or trading
kindly comment your views on the idea for mutual benefit and improve the analysis
IREDA LongPerfect ascending trianngle on 4H, 1D timeframe. ABCDE Elliot Wave complete. Breakout and retest successful.
TP 310/440
SL 170/150
Push for sustainability globally is a huge plus.
IREDA ANALYSIS FOR THIS YEARIREAD has formed a strong base with high volume confirming yet another really towards 300+ target so hopp on and ride along this bull run stock
IREDA - BREAKOUTIREDA is poised for a breakout on the weekly chart. A move above 215 levels will take the share towards 260-280 in the medium term.
IREDA- consolidation zone to end by jul 5, 2024. hold tight.IREDA has been consolidating and following the diagonal line drawn on weekly chart. With volujme and price, bulls are shown with blue arrows and bearish volumes with red arrow. stock likely to consolidate till July 5th and if good news/ volume comes, will rise to 210-220 which is next resistance.
IREDA - Head & Shoulder patternAll details are given on chart. If you like the analyses please do share it with your friends, like and follow me for more such interesting charts.
Disc - Am not a SEBI registered analyst. Please do your own analyses before taking position. Details provided on chart is only for educational purposes and not a trading recommendation
IREDA MASSIVE TRIANGLE BREAKOUTAll the targets and invalidation levels are inside the chart only, kindly check them.
IREDAvcp fomation in ireda. targets of 254.5. sl-158. near breakout. dried up volumes, buy aggresively
IREDA Swing trade
CMP 170
Sl 165
Targets 25-30% +
Looks good for a trade after making a good base ,can head towards all time high.
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.
