IREDA Share Price Prediction for Monday 10/02/2025: Technical Analysis, Key Levels, and Expert Insights
Table of Contents
IREDA (Indian Renewable Energy Development Agency) has been in the spotlight amid India’s aggressive push toward renewable energy. However, recent volatility has left investors wondering: What’s next for IREDA’s stock price on Monday? Let’s break down the technical, market sentiment, and key levels to watch.
Current Price (as of 2025-02-07): ₹188.65 (NSE closing price)
Current Snapshot (as of 2025-02-07)
- Closing Price (NSE): ₹188.65
- 52-Week Range: ₹121.05 (Low) – ₹310.00 (High)
- Recent Trend: Down 29% in the last 3 months, trading near the lower end of its yearly range.
Current Snapshot (as of 2025-02-07)
- Closing Price (NSE): ₹188.65
- 52-Week Range: ₹121.05 (Low) – ₹310.00 (High)
- Recent Trend: Down 29% in the last 3 months, trading near the lower end of its yearly range.
Technical Analysis: Key Levels to Watch
1. Pivot Points & Price Action
- Resistance Levels (Upside Targets):
- R1: ₹192.30
- R2: ₹196.03
- R3: ₹198.15
- Support Levels (Downside Risks): source
- S1: ₹184.33
- S2: ₹180.60
- S3: ₹178.00
📉 Bearish Signal: The stock is trading below its 25-day moving average (₹200.5), signaling short-term weakness.
2. Market Sentiment & Catalysts
- High Beta (1-Year): IREDA’s extreme volatility means sharp price swings are likely.
- Institutional Activity: FII holdings rose to 2.70% in June 2024, reflecting growing confidence.
- Renewable Energy Push: India’s 450 GW clean energy target by 2030 could boost long-term growth.
Monday’s Price Prediction: Bullish vs. Bearish Scenarios
🟢 Bullish Case
- Upside Trigger: Break above ₹192.30 (R1) with strong volume.
- Targets: ₹196.03 (R2) or even ₹200.5 (25-day MA).
- Catalysts: Positive policy updates or institutional buying.
🔴 Bearish Case
- Downside Risk: Failure to hold ₹184.33 (S1) could push prices to ₹180.60 (S2).
- Red Flags: High debt (₹54,727 Cr) and weak 3-month returns (-29.37%).
Trading Recommendations
- Short-Term Traders: Trade the range between ₹184.33 (S1) and ₹192.30 (R1). Use stop-loss at ₹178.
- Long-Term Investors: Accumulate on dips. IREDA’s fundamentals (68% profit margin, 35.9% revenue growth) align with India’s green energy boom.
1. Why is IREDA’s stock so volatile?
IREDA has a high beta (1-year), making it prone to sharp swings. Renewable energy policy shifts and market sentiment amplify this volatility.
2. What’s the best entry point for Monday?
Watch ₹184.33 (S1) for support or ₹192.30 (R1) for a breakout. Use stop-loss orders to manage risk.
3. Is IREDA a good long-term investment?
Yes, if you believe in India’s renewable energy expansion. Strong revenue growth and government backing are key positives.
4. What are the biggest risks?
High debt, interest rate hikes, and delays in renewable projects could pressure the stock.
5. Where can I track IREDA’s live price?
Monitor real-time data on the NSE IREDA Live Page.
Final Thoughts
IREDA’s Monday price action will hinge on its ability to hold key support levels. While short-term traders should brace for volatility, long-term investors might see dips as buying opportunities. Stay updated with live NSE data and policy developments in the renewable sector.
📌 Pro Tip: Always pair technical analysis with news triggers (e.g., budget announcements, RBI policies) for sharper predictions.
Disclaimer: This analysis is for informational purposes only. Consult a financial advisor before making investment decisions.