INOXWIND breakout SUCCESSFULINOXWIND has given the breakout. as shown on the chart. we can see it has accumalated the quantity for past 3 months. now today has given breakout with nice volume. it will be a good trade with R:R :: 1:3.
Reason:
descending bullish triangle pattern breakout confirmation.
RSI is breaking 60 to upside nice strength in the trend.
Support at VWAP
Successful breakout after 5 months
High Volume is traded today.
Price > EMAs
Verdict:
Highly Bullish
Plan of action:
Buy: 204-208
Stoploss: 195
Target: 232
INOXWIND trade ideas
Range Breakout
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Exploring the Different Types of Pullbacks in TradingHere are some common types of pullbacks that traders may encounter:
Shallow pullback: A small retracement of a stock's price, typically less than 10%.
Deep pullback : A larger retracement of a stock's price, typically between 10% and 20%.
Trendline pullback: A retracement to a trendline that connects previous highs or lows.
Moving average pullback: A retracement to a moving average line, which is used to identify the stock's trend.
Fibonacci retracement pullback: A retracement to a specific Fibonacci retracement level, which is calculated based on the stock's previous price movements.
Volatility pullback: A retracement caused by increased volatility in the market, which can be caused by news events or other factors.
Sector or market pullback: A retracement caused by broader market trends or events that affect the entire sector or market in which the stock trades.
It's important to note that pullbacks can occur for a variety of reasons and may not always follow a predictable pattern. Traders should use technical analysis and other tools to identify potential pullbacks and determine whether they represent a trading opportunity.
Riding the Winds of Change: An Analysis of Inox Wind Stock This publication provides an in-depth analysis of Inox Wind Limited, a leading Indian wind energy solutions provider. The report examines the company's financial performance, market positioning, growth strategies, and future prospects. Additionally, it explores the factors that are likely to impact the company's stock performance in the short and long term, such as regulatory changes, competitive landscape, and macroeconomic trends. The publication is intended for investors, financial analysts, and industry experts who are interested in gaining a comprehensive understanding of Inox Wind's stock performance and its potential as a long-term investment opportunity in the renewable energy sector.
TECHNICAL ANALYSIS OF INOX WINDTHIS STOCK IS LOOKING VERY BULLISH AT THIS TIME AND GOOD TIME TO INVEST.....
OUR RESISTANCE LEVEL IS--- 68.05/100.05 AND SUPPORT LEVEL IS 48.80/35.7 ............
TARGET LEVEL IS 90+++ AND MORE
PLEASE KEEP THIS STOCK IN YOUR WATCHLIST AFTER MODI'S SUPPORT FOR GREEN ENERGY AND DO ALSO FUNDAMENTAL ANALYSIS .....
FOR MORE ANALYSIS CONTACT US
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