IREDA | LONG | SWING | NSE:INDIA | ANALYSIS

IREDA forming Bullish Pennant pattern. This might be good for swing trading.

Points to Considered:
1. Pattern formation
2. Volume analysis
3. Any Conformation for Entry
4. RSI


NOTE: IF IT CLOSE BELOW 20-EMA & RE-TEST IT, DO NOT ENTER FOR LONG.

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Currently there is a Strong bullish divergence 1H Timeframe.

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Watch it closely, it might give sudden movement!... Enter based on your RR.

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93.75
86.80
are the key levels for buy

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Took support on 100 EMA @95.45

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FKKKKKKKK 🤑🤑🤑🤑🤑🤑

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People holding @ below 98, just hold it. If it breaks above resistance trendline, paisa hi paisa. If any reversal pattern forms at the top, EXIT.

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To the moon 💹💹💹💹

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If it breaks the above trendline with good volume, then just hold.
If any reversal pattern at trendline or no good volume at trendline breakout, then try to book half of the profit.

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To the moon 🚀🚀🚀🚀

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🤑🤑🤑🤑
Try to book half. Might halt for a while.

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If there is any sudden moves to T2, it might take pullback to T1 again to move to T3. Not confirmed, I'm just thinking....

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Took a little pull back around 144 and moved up

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Still holding after all the 3 target reached.🤑🤑🤑🤑