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RA Anupam Bajpai

6th May 2025 · SEBI-Registered Analyst

IREDA
On 28th April 2025, we discussed the stock price
IREDA
is forming a double bottom chart pattern With the resistance level of 178 and the support level of 137 we discussed that there may be two possibilities The first one was when a stock price gave its breakout and closed above the resistance level of 178 In this case, we would be bullish, and a rise in price may be seen The second situation we have discussed was when the stock price faced resistance at 178 On 23rd April 2025, the stock price closed below the resistance level and faced resistance at the level of 178 Now the stock price may consolidate between the support and resistance levels, bullish only when it closes above the resistance level of 178 Today the stock price to
IREDA
falls 8.52 points or 5.05% and given its closing below 50 and the 20 EMA Now the stock price may move towards the support level of 137 Bearish till the stock is trading below the resistance level of 178

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