INOXWIND: ₹178.60 in a falling wedge,at support now,target:210

INOXWIND: ₹178.60 is trading in a falling wedge , and currently at a double bottom support, in the apex ready for a breakout, most probably bullish . It is a safe entry with a stop loss: ₹170 for a target ₹210 & ₹320 and eventually ₹480
It is in heavy electrical equipment’s and a market leader with a 4000cr market cap and almost same in annual sales.
It is India’s leading wind energy solutions provider servicing IPPs, Utilities, PSUs, Corporates and Retail Investors. INOXWIND is a fully integrated player in the wind energy market with three state-of-the-art manufacturing plants in Gujarat, Himachal Pradesh and Madhya Pradesh with a cumulative manufacturing capacity of 1,600 MW. it manufactures the key components of the Wind Turbine Generator (WTG) to ensure high quality based on the most advanced technology, reliability of performance, and cost competitiveness. INOXWIND WTGs are designed for low wind speed sites such as those in India.
A robust, energetic and experienced team comprising experts across all relevant fields and verticals make the company, a dynamic and enterprising corporate entity.

Inox Wind manufacturers three variants of the 2 MW WTG:
Rotor diameter of 93 meters with hub height of 80 meters
Rotor Diameter of 100 meters with hub height of 80 / 92 meters
Rotor Diameter of 113 meters with hub height of 92 meters

Inox Wind owns a 100% subsidiary, Inox Wind Infrastructure Services, which does the project development in respect of wind power projects, including wind studies, energy assessments, land acquisition, site infrastructure development, power evacuation, statutory approvals, erection and commissioning and long term operation and maintenance of the wind farms.

Business Group - Inox Gujarat Fluorochemicals Ltd, Inox Air Products Limited
INOX Leisure Ltd , Fame India Ltd & Inox Renewables Limited
Comment: Inoxwind is showing bullishness now,Reaching to the first resistance.The technical stop :170 not supported & it went down to 169 actually.
161 was the yearly low.
Comment: 210 res: met at 209
Comment: Still Struggling at first resistance level


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