IREDA breaks above ₹111 resistance!!!!!!!

IREDA breaks above ₹111 resistance Indian Renewable Energy Development Agency Limited (NSE: IREDA) closed at ₹113.22 on September 25, gaining 2.83%. The stock moved above its ₹111.46 second-resistance level. Why it matters The stock also cleared the first resistance at ₹110.79. The technical pivot is ₹109.92, while the next resistance is ₹113.00. Support levels are ₹109.25, ₹108.38 and ₹106.84. Volume stood at about 85.08 lakh shares during the session. The move places IREDA above both identified resistance levels, making ₹111.46 an important level to monitor in the next session. My view The short-term structure has improved after the breakout. The key question now is whether ₹111.46 can hold as support rather than the stock returning below the breakout zone.