IREDA target of 250 (T&C)

2024年5月22日

IREDA has completed C&P pattern and as per that it has target of 250. Most likely if this week it closes above 185 then it is a positive sign.
The target depends a lot on Election Result euphroia, in case of stable govt formation PSU stocks are likely to show rally.

* It is not a trade advise but technical analysis shared based on my understanding of patterns and personal experiences, please take any trade at your own risk.

2024年5月27日

註釋

targets 195, 215, 240, 254

2024年7月3日

交易進行

First target of 195 and second target of 215 achieved, Now 240 and then 250 are ON, keep trailing stop loss below previous target achieved like for now the stop loss must be little below 195.

2024年7月5日

交易進行

321 touched today, another 9 points left for 4th target of 240

2024年7月8日

交易進行

240 is achieved and 248 was the high that was pretty close to 250 so somewhere the final target is also achieved in round figures.
Stock is still bullish and now may go higher than this level of might see profit booking from here but the said targets are achieved and hence can close the call here after today's closing.

2024年7月9日

交易結束：目標達成

254 was the day high and with this final target of 250 also done :)

2024年7月9日

註釋

Applying wave theory it must cross new LTH of 254 again at least one more time after some correction. Let's see

2024年7月11日

註釋

As expected 254 is again broken and now stocks seems to be on another run. applying wave theory it might have even bigger targets from here so keep trailing stop loss can be the strategy to ride the run.