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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#StockInNews#WatchOutFor#TechnicalViews#EquityResearch

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