IREDA Share: ₹139 Breakout Crucial for Game-Changing Rally; Dealers Place Bets.

• IREDA shares face pressure until they decisively cross the ₹135-139 range, according to technical expert Prakash Gaba.
• Derivative data shows a 2% decrease in Open Interest, indicating short covering and easing selling pressure.
• Some dealers recommend BTST (Buy Today Sell Tomorrow) for IREDA, anticipating a short-term recovery.
• The PSU theme, with HNIs buying PSU stocks, could provide support for IREDA at lower levels.
• Aggressive buying is advised against until a strong breakout above ₹139; traders can consider short-term trades with strict stop-loss.

Why It Matters: IREDA's future hinges on decisively crossing the ₹139 mark for a potential uptrend.