IREDA - Indian Renewable Energy Development Agency Ltd.
Date: 3-Apr-2024
Rating: Buy - Positional Trade
LTP: Rs. 157.20
Targets: (1) Rs. 163 --> (2) Rs. 185 --> (3) Rs. 214 --> (4) Rs. 272
SL: Rs. 140
Technical View:
•
IREDA is moving in down trend since 6-Feb-2024.
• After touching the life time high of 214.80 on 6-Feb-2024, it has retraced 44% to 121.05 level.
•IREDA has broke out from its down trend on 3-Apr-2024 with higher than average volume.
• RSI has crossed over 50 on 2-Apr-2024. MACD is about to crosse over 0.
• Looking good to start a new uptrend 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.
Rating: Buy - Positional Trade
LTP: Rs. 157.20
Targets: (1) Rs. 163 --> (2) Rs. 185 --> (3) Rs. 214 --> (4) Rs. 272
SL: Rs. 140
Technical View:
•
IREDA is moving in down trend since 6-Feb-2024.• After touching the life time high of 214.80 on 6-Feb-2024, it has retraced 44% to 121.05 level.
•
IREDA has broke out from its down trend on 3-Apr-2024 with higher than average volume.• RSI has crossed over 50 on 2-Apr-2024. MACD is about to crosse over 0.
• Looking good to start a new uptrend 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.
Nota
5-Apr-2024--------------
LTP: Rs. 176.45
1st target of Rs. 163 reached. 12% up from suggested level.
NEXT TARGET: Rs. 185
Nota
29-Apr-2024---------------
LTP: Rs. 181.40
2nd target of Rs. 185 reached. 15% up from suggested level.
NEXT TARGET: Rs. 214
Dagangan ditutup: sasaran tercapai
7-May-2024--------------
Broke down the major trend line and closed below 20 DMA. Both RSI and MACD are giving bearing view. Closing the call to book profit.
LTP: 167.70
P&L: +7%
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.