INOXWIND trade ideas
INOX WIND BREAKOUT LEVELS
"📊 INOX WIND Breakout Levels 🚀
🚨 Key Levels to Watch:
Resistance Level: [214 💥
🔍 Breakout Zone: Monitor for a potential breakout above the resistance level or a pullback to support for entry opportunities.
📈 Stay updated and trade wisely! 🚀
#INOXWIND #BreakoutLevels #TradingAnalysis #Stocks #TechnicalAnalysis #MarketWatch"
Feel free to customize the price levels based on your analysis.
INOX WIND LTD S/R Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) :
Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum.
Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
INOX WINDKindly do your own study. This study is for view discussion only.
This stock is making new high and Wind is very high and stock is flying.
Monthly price is challenging upper bollinger band
Monthly MACD is in PCO stat
Monthly RSI is above 60
Weekly price has challenged upper bollinger band
Weekly MACD has given uptick above zero line
Weekly RSI is above 60
Weekly stochastic has given PCO
Weekly =DI crossed -DI
Daily price has given BO with high volume
Daily MACD is in PCO and above zero line
Daily RSI is above 60
Daily ADX is strong
Inox WindStock is seen major rejection from 645 levels on 6-May-2024 and seen a steep correction to 553 levels and currently trading at 560 as on 8-May-2024.
First support levels are seen at 535-540 levels.. Although the company has announced Merger of INOX WIND ENERGY and INOX WIND shares and also 3:1 bonus on INOX WIND shares.. the stock may go up to 720 levels before the record date (18-May-2024) and can fall after this to the support levels again
can accumulate the stock at support levels
Overall the stock is in bullish trend since the company shown turn-around performance and have heavy order books
INOXWIND Multiyear Breakout INOX WIND gave multiyear high breakout and broke its previous high, looking super solid for a long term, investors looks keen and showing confidence. Looks good to enter for a long term according to risk management and position sizing. from here every pull back will be an opporununity to buy on dip.
Note: Please consult your financial advisor before any investment.