Key Highlights
- In 2025, the stock suffered a strong loss of 35% compared to a 10.5% rise in the benchmark Nifty 50.
- At the current juncture, the stock is reflecting some positive signals on the technical charts.
- Jigar S.
- Patel, Senior Manager of Equity Technical Research at Anand Rathi Share and Stock Brokers, pointed out that IREDA is showing encouraging technical signals after forming a well-defined double bottom pattern on the chart, indicating a potential trend reversal.
- The setup is further supported by bullish divergence, suggesting improving momentum despite earlier price weakness.
