Stock near Accumulation Zone: IREDA
IREDA has fallen considerably from 300 levels in the last month.
It has broken the 20 EMA and is trading just above 50 EMA.
When the 20 EMA price goes below 50 EMA, we can confirm the bearish trend.
Support levels:214, 174
If it takes the support around 50 EMA we can expect a decent rally.
It has broken the 20 EMA and is trading just above 50 EMA.
When the 20 EMA price goes below 50 EMA, we can confirm the bearish trend.
Support levels:214, 174
If it takes the support around 50 EMA we can expect a decent rally.
Note
IREDA continue its consolidation by breaching the 50 EMA levels.
It failed to hold the support of 241 and continue the sideway journey with lower lows.
Next support is around 214 levels.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.