Archive · 4 Nov 2025
Indian PSU Stocks IRFC, IREDA, IRCON: Technical Analysis and Trading Outlook
Three Indian government-owned companies—IRFC, IREDA, and IRCON—are getting attention from stock market traders.
IRFC is currently moving sideways, like a car stuck between two points, waiting for a clear signal to go up or down.
Traders are advised to wait until it passes a certain price before buying.
IREDA, on the other hand, looks strong, with good signs that its price might go up.
It's recommended to buy it in a specific price range with a safety net in case it falls.
IRCON is showing some weakness, trading below important price levels.
It's not recommended to buy it until its price shows a clear recovery by passing a certain resistance level.
Basically, it's about watching for specific price movements to decide whether to buy or wait.
Indian stock market indices closed flat with a positive bias on Monday, with traders awaiting new cues.
IRFC is in a consolidation phase between Rs 120-128, lacking a clear directional bias; a breakout above Rs 128 is needed for further upside.
IREDA is consolidating around Rs 148-158, showing strength with positive momentum indicators; a buy recommendation is given with a target of Rs 162 and stop loss at Rs 146.
IRCON International is trading below key moving averages, indicating weakness, with support at Rs 167 and resistance at Rs 173; fresh long positions are advised against until a clear breakout above resistance.
Traders are advised to exercise caution and wait for confirmation signals before initiating new positions in these PSU stocks.
- Who
- Jigar S Patel, Technical Research Analyst at Anand Rathi Shares & Stock Brokers; Traders
- What
- Technical analysis and trading recommendations for Indian PSU stocks IRFC, IREDA, and IRCON International.
- When
- Ahead of Tuesday's trading session, following Monday's market close.
- Where
- Indian stock market.
- Why
- To provide guidance to traders on the short-term outlook and potential trading strategies for these specific stocks.
- Indian Railways Finance Corporation (IRFC) Range
- Consolidating between Rs 120-128
- IRFC Breakout Level
- Rs 128
- IRFC Support Levels
- Rs 120 and Rs 118
- Indian Renewable Energy Development Agency (IREDA) Buy Zone
- Rs 154–152
- IREDA Target Price
- Rs 162
- IREDA Stop Loss
- Rs 146
- IRCON International Support
- Rs 167
- IRCON International Resistance
- Rs 173
Sources
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