Indian Renewable Energy Development Agency- Breakout Opportunity
Date: 6-Jun-2024
Rating: Buy - Positional Trade
LTP: Rs. 178.30
Targets: (1) Rs. 200 --> (2) Rs. 214 --> (3) Rs. 229
SL: Rs. 158 on daily close basis
Technical View:
•
IREDA is in its primary uptrend and was recently going through it's secondary downtrend.
• After touching the high of 200.25 on 3-Jun-2024, it has retraced 23% to 154 level.
• On 6-Jun-2024,IREDA has broke out from its secondary down trend with high volume.
• RSI is trading at 50.95 and MACD is trading at 2.67.
• Looking good to start a new swing from here.
Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Ideas are published for learning purpose only.
Rating: Buy - Positional Trade
LTP: Rs. 178.30
Targets: (1) Rs. 200 --> (2) Rs. 214 --> (3) Rs. 229
SL: Rs. 158 on daily close basis
Technical View:
•
IREDA is in its primary uptrend and was recently going through it's secondary downtrend.• After touching the high of 200.25 on 3-Jun-2024, it has retraced 23% to 154 level.
• On 6-Jun-2024,
IREDA has broke out from its secondary down trend with high volume.• RSI is trading at 50.95 and MACD is trading at 2.67.
• Looking good to start a new swing from here.
Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Ideas are published for learning purpose only.
Note
1-Jul-2024-------------
LTP: Rs. 196.11
1st target of 200 reached. 10% up from suggested level.
Note
3-Jul-2024-------------
LTP: Rs. 223.11
2nd target of 214 reached. 25% up from suggested level.
Trade fermée: cible de profit atteinte
4-Jul-2024-------------
Touched 228.48 today. All targets reached. Closing the idea.
Profit 28% @ 228.48 from suggested level.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.