IRFC after having a stellar run from December 2023 made a high of 192.80 on 23 January and started falling from then on.
It broke the triangle formation with less than average volume on 23rd April.
The region between 148 and 152 which was the resistance zone was finally broken with good volumes on 26th April.
Safe traders can wait for a pull back between 148 -152 to initiate trade for a Target of Rs 190.