STOCK IN DOWNTREND: IRFC

IRFC has been in a downtrend since Aug 5, 2024.
It has fallen over 11.6% to date.
20 EMA (Black) line has just fallen below 50 EMA (orange) line, confirming in the bearish trend.
IRFC failed to hold the 174 level and the support was broken decisively with volume confirmation.
Next important support levels to look for: 155, 143 and 117 levels.
The upside resistance (target) levels: 174, 192, 209, 223.