INDIAN RENEWABLE ENERGY stock forum
IREDA something is cooking in irdea... it usually take support from 50ema ........be ready for that
IREDA is in good breakout it will reach 260 sooner buy for 3 months point of view.
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