IRCON — Weekly Chart Analysis

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IRCON — Weekly Chart AnalysisIRCON International Ltd.NSE:IRCONSECLUDED_CHARTSPrice has broken above a long-term descending trendline after a prolonged correction phase. The breakout is happening near a strong demand zone around ₹170–175, which has acted as a historical support base. Sustaining above this level indicates a potential trend reversal on the higher timeframe. The risk–reward structure in the chart looks positive — with downside protection near the support zone and upside room toward the previous supply region around ₹270–280. A weekly closing above the trendline and follow-through buying will strengthen the bullish case. Failure to hold above 170 may weaken the setup. Key Levels Entry Zone: ₹175–180 Support / Stop-Loss: ₹128 Potential Upside Zone: ₹270–280 Bias: Bullish above 170 — Trend reversal structure developing. Disclaimer This is a technical analysis study for educational purposes only — not investment or trading advice.