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.
ملاحظة
1-Jul-2024-------------
LTP: Rs. 196.11
1st target of 200 reached. 10% up from suggested level.
ملاحظة
3-Jul-2024-------------
LTP: Rs. 223.11
2nd target of 214 reached. 25% up from suggested level.
أغلقت الصفقة: تم الوصول للهدف
4-Jul-2024-------------
Touched 228.48 today. All targets reached. Closing the idea.
Profit 28% @ 228.48 from suggested level.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.