IRCON International Ltd – 1W

Trend: Downtrend with base formation Key Levels: Resistance – 187 / 229 Support – 133 / 113 Price Action: Price is bouncing from demand zone (around 130–140) after a prolonged downtrend. Early signs of reversal but still below key resistance. Expected Move: Break above 187 → recovery towards 229 Rejection → retest of 133 zone Verdict: Base building — reversal confirmation above 187 📲 Join for daily charts & insights: ***** Disclaimer: I am a SEBI Registered Research Analyst. This content is purely for educational and informational purposes only. It does not constitute investment advice or recommendations. Please consult your financial advisor before making any investment decisions.