IREDA – Deep Correction | Island Cluster Gap Setup | Potential R

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