IREDA India should target 253.8

12 mag

Daily chart,
The stock IREDA has crossed a falling expanding wedge, and the target is 253.8, passing through a strong resistance level at 234.3

However, there is a strong Resistance line R, currently around 172.7
So, after stabilizing above 172.7 for 2 days, the target should be confirmed for a new entry (buy)
Consider a stop loss below 154, and raise the level along with the bullish movement.

Technical indicators:
RSI is forming a bullish direction - positive
MACD is about to cross up the zero line - To be assertive after crossing both the zero line and its signal.

12 mag

Trade attivo

tradingview.com/chart/MDK8RlXR/?symbol=NSE:IREDA