!IREDA STOCK PRICE FOMING A CHART PATTERN

!IREDA

The stock price of !IREDA is forming a double bottom chart pattern After a downtrend, the share price of !IREDA started consolidating from the support level of 137 and the resistance level of 178 On 16th April 2025, the stock price faced resistance at the level of 178, forming a double bottom chart Now there are two chances The first is that the share price of gave a breakout and gives its closing above the resistance level of 178, or it may face resistance at the level of 178 What to do if the stock price gives a breakout and gives its closing above 178 We would be bullish in the stock. The stock price may move towards the 200 moving average but if the stock price faces resistance at the level of 178, we will wait till it gives its closing above this level