INOX INDIA – Base Breakout with Strong Volume | BTST & 3–Day Upside Setup
CMP: ₹1183.10
Trade Type: BTST / Short-Term Positional (2–4 Days)
Confidence Level: ⭐⭐⭐⭐½ (90%)
🧠 Technical Setup & Reasoning:
✅ Breakout from Base Range: The stock has convincingly broken above a multi-day consolidation zone of ₹1160–1170 with a strong green candle.
✅ Volume Surge: Notable spike in volume during the breakout, indicating institutional interest and clean participation.
✅ MACD: Bullish crossover on the hourly chart with rising histogram — supports continuation of upward move.
✅ RSI: Trending above 60 and rising — stock gaining strength but not yet overbought.
✅ Sector Sentiment: Capital goods & energy infrastructure-related names (like INOX India) are currently gaining traction — good macro backdrop.
📊 Trade Levels
🎯 Target 1: ₹1210
🎯 Target 2: ₹1235
🚀 Stretch Target: ₹1265+ (if broader momentum sustains)
🛑 Stop-Loss: ₹1156 (closing basis)
📌 Why This Trade Has High Conviction
Fresh breakout from consolidation with price > volume confirmation
Early in the trend — offers good risk-reward
MACD + RSI both aligned for a follow-through
Capital goods / LNG infra theme seeing renewed interest post recent fund flows
📌 Strategy:
Entry zone: ₹1178–1183
Trail SL to cost once ₹1210 is crossed
Book partial profits above ₹1230 and let the rest ride if volume holds
💬 INOX India setting up for a clean breakout leg with fresh momentum. Attractive 3–4 day swing potential.
🧠 #INOXIndia #BreakoutTrade #BTST #VolumeConfirmed #CapitalGoods #SwingTrade #EnergyInfrastructure
CMP: ₹1183.10
Trade Type: BTST / Short-Term Positional (2–4 Days)
Confidence Level: ⭐⭐⭐⭐½ (90%)
🧠 Technical Setup & Reasoning:
✅ Breakout from Base Range: The stock has convincingly broken above a multi-day consolidation zone of ₹1160–1170 with a strong green candle.
✅ Volume Surge: Notable spike in volume during the breakout, indicating institutional interest and clean participation.
✅ MACD: Bullish crossover on the hourly chart with rising histogram — supports continuation of upward move.
✅ RSI: Trending above 60 and rising — stock gaining strength but not yet overbought.
✅ Sector Sentiment: Capital goods & energy infrastructure-related names (like INOX India) are currently gaining traction — good macro backdrop.
📊 Trade Levels
🎯 Target 1: ₹1210
🎯 Target 2: ₹1235
🚀 Stretch Target: ₹1265+ (if broader momentum sustains)
🛑 Stop-Loss: ₹1156 (closing basis)
📌 Why This Trade Has High Conviction
Fresh breakout from consolidation with price > volume confirmation
Early in the trend — offers good risk-reward
MACD + RSI both aligned for a follow-through
Capital goods / LNG infra theme seeing renewed interest post recent fund flows
📌 Strategy:
Entry zone: ₹1178–1183
Trail SL to cost once ₹1210 is crossed
Book partial profits above ₹1230 and let the rest ride if volume holds
💬 INOX India setting up for a clean breakout leg with fresh momentum. Attractive 3–4 day swing potential.
🧠 #INOXIndia #BreakoutTrade #BTST #VolumeConfirmed #CapitalGoods #SwingTrade #EnergyInfrastructure
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.