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kaushal980950

IREDA is taking support at previous resistance level

Long
INDIAN RENEWABLE ENERGY (NSE:IREDA)  
kaushal980950 Updated   
NSE:IREDA   INDIAN RENEWABLE ENERGY
Trend Analysis Support and Resistance Supply and Demand
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trendanalysis supportandresistance supplyanddemand
After the IPO IREDA performed very well and after giving the breakout at 120 level now it had taken support at the same level and also given the breakout form its narrow consolidation or buildup range. Stop loss below 121 since it can come back to 40 RSI (which is my assumption)
Comment:
stop - loss below 120, since it can come back to 40 RSI for taking support.
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