IREDA CMP 207 Weekly Chart Forming Parallel channel

4 בדצמ׳

IREDA is forming Parallel Channel on Weekly chart.

RSI 14 is going up slowly. Price is trying to cross 20 EMA line on weekly basis.

1. Resistance around 229-234, 260-264 and ATH 310
   
2. Support 189, 170
   
3. Target 1 : 310
   
4. Target 2 : 540++
   
5. Probable Time Period : 3-5 Months