IREDA – Deep Correction | Island Cluster Gap Setup | Potential RIndian Renewable Energy Development Agency Ltd.NSE:IREDAPRATHAPSIMHA📊 IREDA – Deep Correction | Island Cluster Formation | Base Building Near Demand 🔎 Higher Timeframe Context All Time High: 310 Recent Low: 112 👉Approx 64% correction from top 👉 Itna deep correction ke baad stock discount zone me trade kar raha hai — yahi pe smart money interest develop hota hai. ⚡ Price Action Insight ✔ Strong downtrend ke baad ab price base create kar raha hai ✔ Lower levels pe selling pressure kam ho raha hai ✔ Repeated support holding near 112–120 zone 👉 Indicates early accumulation phase. 🧠 Island Cluster Observation (Key Highlight) ✔ Chart me clear Island Cluster Formation dikh raha hai ✔ Price ek isolated range me trade kar raha hai (gap structure ke sath) 👉 Iska matlab: Market ne yaha liquidity absorb kar li hai Weak hands exit ho chuke hai Smart money positioning possible 👉 Important Trigger: Agar yaha se gap-up / strong breakout aata hai ➡️ Fast upside move dekhne mil sakta hai ⚡ Structure Insight (Important Refinement) ✔ Abhi tak clear bullish structure break nahi aaya hai ✔ Price still lower high – lower low structure me hai 👉 Isliye: Yeh early setup hai (anticipation stage) Confirmation ke bina aggressive entry avoid kare 🟢 Trade Planning ✅ Safe Entry (Confirmation Based) Above 130 – 135 breakout & sustain 👉 Structure shift confirm hoga ✅ Aggressive Entry Near current zone 115 – 120 👉 Only for experienced traders (anticipation trade) ❌ Stop Loss Below recent low: 112 🎯 Structure Based Targets 🎯 Target 1 – 140 – 150 👉 Immediate supply zone 🎯 Target 2 – 165 – 175 👉 Previous consolidation area 🎯 Target 3 – 190 – 210 👉 Strong resistance zone 🎯 Extended Target – 240+ 👉 Trend continuation scenario ⚠️ Risk Note Abhi clear reversal confirmation nahi hai Breakdown below 112 → further downside possible Gap-up ya structure break ka wait safer rahega 📢 Stay Connected ✅ Smart Money + Price Action Based Analysis 👍 Like if helpful 💬 Apna view share karo 🚀 Next setup coming soon ⚠️ Educational purpose only.