IREDA cmp 177 ( Downgrade ) Recent IPO listed IREDA rallied more than 300% with the High of 214.80 Profit booking and Weak Fundamentals dragging down with 5 consecutive lower circuits, fell around 30% from its high. Lower supports levels placed at 145 and Weekly support zone 102.25 - 107.80 Resistance 189 - 193.20 Fresh entries are not advised at current levels