IREDA shows bullish divergence near ₹115!!

IREDA shows bullish divergence near ₹115 Indian Renewable Energy Development Agency Limited (NSE: IREDA) was around ₹114.82 on September 29, with a bullish divergence developing near its monthly pivot. Why it matters The technical setup identifies improving momentum despite recent price action. The hourly chart is also showing a sharp momentum surge, indicating increased short-term buying interest. The published setup identifies ₹115-113 as the potential entry zone, ₹128 as the target and ₹107 as the stop-loss. These are analyst-published levels, not my independent price targets. My view The ₹113-115 zone is the key technical area. Holding this zone would keep the bullish-divergence setup intact, while a breakdown below ₹107 would invalidate the published risk structure. What I am watching ₹113 is the lower end of the published entry zone. ₹107 is the published stop-loss, while ₹128 is the analyst-published target.