IREDA on the edge of a fall or rise

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After a continuous uptrend, IREDA is now completing its downtrend, which appears to have concluded at 232 on July 23rd. However, if we consider its attempt to break the trendline and move upward, it seems to be failing. Thus, we may assume it is on the edge of a blade, from where it could either rise or fall. Entry levels for this stock are provided for both scenarios, along with initial target projections.