"IREDA: नवीकरणीय ऊर्जा कज ववत्तीय इंर्न, भजरत कज हरज भववष्य!"

Detailed Technical Analysis: Price Action: ₹136.61 Jan 9 close (-3.24%), weekly -6.88% underperforming Sensex -2.62%, 52W ₹129-227 range low-end. RSI oversold, STOCH oversold, CCI oversold all extreme signals. Pivot 5-min ₹161.31 broken, R1 ₹164.57/R2 ₹170.4/R3 ₹173.66; S1 ₹155.48/S2 ₹152.22/S3 ₹146.39 - trading S1 testing S2. OI +11.44% falling price heavy shorts, volume intraday lows concentration. MAs bearish cascade post Q3 profit-taking despite fundamentals. Strategy: Accumulate ₹135-140 targeting ₹155-170 (R1-R2), SL ₹129 52W low.

Reasons for Recent Downfall: Q3 Profit-taking cascade Jan 9 -6.88% weekly despite PAT beat: disbursements -5.5% QoQ, sanctions halved QoQ triggered growth slowdown fears. FII selling +11.44% OI buildup short positioning, valuation concerns post 166% YTD run-up, relative weakness vs Sensex. Technical MA breakdown amplified selling. Will Rally Continue or More Downside?: Bounce resumption likely post capitulation - oversold extremes + Q3 record PAT ₹585 Cr justify premium. Holds S2 ₹152 → targets ₹164-170 R1-R2. Downside risk ₹146 S3 if QIP dilution fears spike but 65% upside probability next week on short-covering. Upcoming News/Events & Impact: ₹3,000 Cr QIP Timeline (Q4FY26): Dilution concern short-term -5-10% but capacity ₹1.5L Cr loan book enables 25%+ growth. FY26 Guidance RE sanctions pipeline. Union Budget Feb RE capex allocation ₹20K+ Cr positive. Q4 Results May disbursement acceleration key.