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TLDRThe video script discusses the renewable sector, focusing on the performance of a specific company's shares. It analyzes the reasons behind the consistent decline in share prices, despite the overall market's upward trend. The script also explores the impact of profit booking by major investors, especially after the unlocking of their portfolios. Technical analysis is provided, including support and resistance levels, and potential future movements of the shares. The video aims to answer three key questions: why the shares are consistently falling, how low they might go, and what could be the investor's strategy moving forward. The script concludes with a reminder to like the video and subscribe to the channel for regular updates.
Takeaways
- 📉 The script discusses the consistent decline in the shares of a renewable sector company, despite previous investment interest.
- 💡 The decline could be attributed to profit booking by major investors, especially after the unlocking of the anchor investors' portfolio.
- 📈 Despite the overall market momentum, the portfolio showed a negative closing, influenced by the performance of mid-cap, small-cap, and PSU sectors.
- 🔍 The script suggests that the decline in shares might be due to a combination of factors, including profit booking and sector-specific weaknesses.
- 📊 Technical analysis of the script highlights a bearish pattern in the shares, with potential support levels around 140 and resistance levels around 165-175.
- 🤔 The speaker advises viewers to maintain patience and consider their investment strategy, emphasizing the importance of not reacting impulsively to market fluctuations.
- 📌 The script mentions that various analysts have provided different support and resistance levels, with some suggesting a potential drop to 130 if certain levels are breached.
- 🚀 The speaker encourages viewers to like the video and subscribe to the channel for regular updates and insights into the market.
- 📈 The script also touches upon the high delivery rate of the shares and the significant trading volume, indicating active market participation.
- 🔄 The speaker reminds viewers to consider the company's fundamentals and overall market health before making any investment decisions.
- 📝 The script concludes with a reminder to stay tuned for the next video, where further discussion and analysis will be provided.
Q & A
Why has there been a consistent decline in the shares of the renewable energy company discussed in the video on March 6, 2024?
-The decline is attributed to two main reasons: profit booking by large investors, especially after the unlocking of anchor investors' portions in February, and general weakness in the mid-cap, small-cap, and PSU sectors.
What was the closing price of the company's shares on March 6, 2024, and how much had it fallen in the last three days?
-The shares closed at ₹1 1.60, experiencing a decline of approximately 3.54%, with a more than 10% fall over the last three days.
What are the key support and resistance levels mentioned for the company's stock?
-Key support levels are around ₹140, and if this breaks, it could potentially fall to ₹130. Resistance levels are mentioned between ₹165 and ₹175.
What strategies are suggested for investors holding shares of the renewable energy company?
-Investors are advised to hold their shares with patience if they believe in the company's fundamentals. Immediate buying is not recommended until the bearish pattern in the stock formation is broken.
What is the predicted trading range for the company's shares in the near term according to one analyst?
-One analyst predicted that the shares could trade within a range of ₹135 to ₹180 in the near term.
How did other sectors, specifically mid-cap, small-cap, and PSU sectors, impact the renewable energy company's stock performance?
-Weakness in these sectors contributed to the overall decline in the renewable energy company's stock, despite the broader market showing some signs of strength.
What are the implications of the company's shares closing near the lower band of Bollinger Bands?
-Closing near the lower band suggests limited downside potential, but a significant upward movement is unlikely until the bearish pattern is broken.
What was the volume of shares traded on the day mentioned, and how does it compare to previous sessions?
-The volume traded was 2 crore 87 lakh shares, which indicates a decrease compared to previous sessions where the volume peaked at around 20 to 25 crore shares.
What does the formation of lower lows and lower highs indicate for the company's stock?
-This pattern indicates a bearish trend, suggesting that if the current support level is broken, the stock could fall significantly.
What long-term strategy is recommended for investors with shares purchased at high levels?
-For investors who bought shares at higher levels, patience is recommended. If the company's fundamentals remain strong and there's no internal issue or negative growth, holding the shares could be beneficial in the long run.
Outlines
📉 Stock Market Analysis of a Renewable Energy Company
This section of the video script, dated 6th March 2024, delves into the performance of a leading renewable energy company's stocks, which the speaker has consistently recommended for purchase. Despite the ongoing advice to buy, the stock has experienced a significant correction over the last two days, closing at ₹1 1.60, marking a decline of approximately 3.54%, with a more than 10% decrease over the last three days. This downturn is part of a broader trend, with the stock facing a nearly 28-29% drop over the month and a crash of more than 33% from its all-time high earlier in February. The speaker outlines two main reasons for this decline: profit booking following the unlocking of anchor investor shares and a general weakness in the mid-cap, small-cap, and PSU sectors compared to the market's overall bullish trend. Notably, despite the market's performance, including the Nifty 50 hitting new highs, these sectors—and consequently, portfolios heavy in these areas—have not fared well. The video also touches on brokerage forecasts and technical analysis, suggesting possible future movements of the stock and strategies for investors.
🔍 Future Projections and Investment Strategy
The follow-up segment focuses on further analysis and future projections for the stock, discussing technical aspects and investment strategies in the face of its recent decline. Several analysts' opinions are presented, suggesting a trading range for the stock with specific resistance and support levels. The overarching sentiment is cautious, given the stock's recent performance and the broader market conditions. The speaker emphasizes the importance of patience for investors, pointing out that the company's fundamentals remain strong despite the stock's price movements. The video concludes with advice against immediate buying, recommending a wait-and-see approach for existing investors and highlighting the importance of holding onto investments with patience, especially given the stock's potential for recovery based on technical analysis showing a bearish pattern unless a breakthrough occurs.
Mindmap
Keywords
💡Renewable sector
💡Investment strategy
💡Stock performance
💡Market trends
💡Profit booking
💡Investor sentiment
💡Mid-cap and small-cap sectors
💡Technical analysis
💡Bearish pattern
💡Volume and delivery rate
💡Investment advice
Highlights
The discussion revolves around the renewable sector and the performance of Diggz company's shares.
The speaker had a positive view on investing in Diggz company's shares and this view remains unchanged.
Shares of Diggz company saw a significant drop, closing at ₹1, with a fall of almost 3.54.
The decline in shares was observed over the last 3 days, with an almost 10% drop.
Comparing the fall to the all-time high, there was a crash from 33.
The speaker mentions that despite the overall market speed, there was a consistent section in the shares.
The first reason behind the fall in shares is profit booking by investors, especially after a good profit in February.
The second reason is the ongoing trend of selling by investors who have unlocked their shares.
The market trend shows a speed in the Nifty 50, with the index touching its all-time high.
There is a noticeable weakness in the mid-cap and small-cap sectors, as well as the PSU sector.
The speaker advises that if there are no internal issues with the company, one should hold onto their shares with patience.
Technical analysis of the shares is discussed, with a focus on support and resistance levels.
The speaker provides a detailed analysis of the trading volume and delivery rate of the shares.
The speaker emphasizes the importance of staying informed and connected with the channel for daily updates.
The video ends with a reminder to like, subscribe, and turn on notifications for more informative content.
The speaker reiterates the potential of the shares to bounce back if certain support levels are not breached.
The speaker discusses the importance of having a strategy and maintaining patience in the market.
The video concludes with the speaker's final thoughts on the share's performance and the potential future movements.