Indian Renewable Energy Development Agency (IREDA)
IREDA Share Price Overview
As of the latest trading session, the IREDA share price stands at ₹239.65 on the NSE, reflecting a 1.46% increase. This upward movement is encouraging for investors, especially given the recent trends in the renewable energy sector.
Technical Analysis of IREDA
The updated chart shows that IREDA's stock is currently above its 50-day moving average of ₹246.22, but has recently faced resistance near this level. The stock is showing a slight consolidation pattern, with support around ₹208.04, based on the 200-day moving average.
The resistance level at ₹256.51 is crucial for the stock. A break above this level could indicate a renewed bullish trend, while a failure to surpass it may lead to further consolidation or a pullback to the support level.
As of the latest trading session, the IREDA share price stands at ₹239.65 on the NSE, reflecting a 1.46% increase. This upward movement is encouraging for investors, especially given the recent trends in the renewable energy sector.
Technical Analysis of IREDA
The updated chart shows that IREDA's stock is currently above its 50-day moving average of ₹246.22, but has recently faced resistance near this level. The stock is showing a slight consolidation pattern, with support around ₹208.04, based on the 200-day moving average.
The resistance level at ₹256.51 is crucial for the stock. A break above this level could indicate a renewed bullish trend, while a failure to surpass it may lead to further consolidation or a pullback to the support level.
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