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IRM ENERGY LTDIRM ENERGY LTDIRM ENERGY LTD

IRM ENERGY LTD

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IRMENERGY trade ideas

IRM Energy: A Technical AnalysisIntroduction: IRM Energy, a company listed on the National Stock Exchange (NSE) of India, has been making waves in the stock market with its recent price movements. The stock has been respecting a two-month support trendline and has currently broken out of a two-month resistance horizontal line with a strong candle. This article will provide a technical analysis of IRM Energy's stock performance and explore the potential for future price movements. Support Trendline: The two-month support trendline for IRM Energy has been a crucial level for the stock's price movement. The trendline has been tested multiple times, and the stock has consistently bounced back from it. The support trendline is drawn by connecting the low points of the stock's price movement over the past two months. The trendline has been acting as a strong support level, and the stock has not broken below it in the recent past. Resistance Horizontal Line: In addition to the support trendline, IRM Energy's stock has also been trading within a two-month resistance horizontal line. The resistance line is drawn by connecting the high points of the stock's price movement over the past two months. The stock has been testing this resistance line multiple times, and it has finally broken out of it with a strong candle. The breakout is a bullish sign, indicating that the stock may continue to move higher in the near future. Potential for 15 Days High: Another bullish sign for IRM Energy is the potential for breaking the 15-day high trendline. The stock's current price is already near the 15-day high, and a breakout above this level could lead to further gains. The 15-day high trendline is drawn by connecting the high points of the stock's price movement over the past 15 days. A breakout above this trendline would indicate that the stock is in a strong uptrend and may continue to move higher in the short term. Other Technical Indicators: In addition to the support trendline, resistance horizontal line, and 15-day high trendline, there are other technical indicators that support the bullish outlook for IRM Energy. The stock's Relative Strength Index (RSI) is currently at 64, indicating that the stock is not overbought and has room for further growth. The Moving Average Convergence Divergence (MACD) indicator is also bullish, with the signal line crossing above the MACD line. Conclusion: Based on the technical analysis, IRM Energy's stock appears to be in a strong uptrend. The stock has been respecting the two-month support trendline and has broken out of the two-month resistance horizontal line with a strong candle. The potential for breaking the 15-day high trendline is also a bullish sign. Other technical indicators, such as the RSI and MACD, support the bullish outlook. Investors may consider buying IRM Energy's stock at current levels, with a stop-loss at the recent low and a target price of 15-20% above the current price. However, it is important to note that investing in the stock market always carries risk, and investors should conduct thorough research and consult with a financial advisor before making any investment decisions.
NSE:IRMENERGYLong
by stocktechbot
IRM ENERGY 240 MINS TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
NSE:IRMENERGYLong
by Tradelikemee
1
IRM ENERGYstock crosses all time high today. Recently launched ipo stock in which listing was in discount. today crosses its allotment price with gud volume. it opens in discount because of market conditions. now it is ready to touch new high. SL will be today candle low 480. upper side is unlimited. depending upon follow up buying. i have taken fresh position today it has gud potential for upside . Follow strict SL & Proper RISK REWARD RATIO. This is the only holy grail in the market.
NSE:IRMENERGYLong
by DEVA435
2