We can see clearly that the 50 DMA has crossed above the 200 DMA which indicates a strong bullish move (Golden crossover)
Fundamentally the company is doing very good and the recent restructuring of the co will be benifical in the coming years
There may be a retest in coming days but the overall trend will remain bullish
#DYOR
If we see a closing of above 240 in the weekly chart of IREDA then it can easily touch new heights without any issue.
This is a early stage breakout opportunity as the main factor for the breakout can be the results the company posts on Jan 9 .
#DYOR
the stock was trading at its zone for the past one month until it broke the support and recovered the next day hope it can retest and give a huge upside as it has great new related.
