INOX WIND LTD, CMP: 179.98;
Patterns Seen: Bullish BAT + Falling Wedge breakout inside a Parallel Channel
✅ Harmonic BAT Pattern
✅ Falling Wedge Breakout
✅ Moving in Parallel Upward Channel
🟢 Trade Setup (Bullish View)
• Stock took support near ₹130–135 (D point of BAT pattern)
• Breakout from falling wedge signals a likely upmove
• Currently moving higher in a rising channel
🎯 Targets (Positional):
Target Price Range Why?
T1 ₹185–188 Recent high + Fib level
T2 ₹200–205 Major resistance + Fib 61.8% extension
T3 ₹220–225 Full move as per BAT pattern
Where to Buy (Entry Zones):
Entry Type Price Range Comment
Safe Buy: ₹170–175 Buy on dip to support your position
Momentum Buy: ₹178–180 Buy on breakout continuation
⚠️ Stop-Loss (Risk Management):
SL Type Price Why?
Tight SL ₹165 Below support
Safe SL ₹153 Below rising channel base and wedge pattern
📝 How to Book Profits:
• 📌 Sell some at ₹185
• 📌 Hold rest till ₹200–205
• 📌 Trail SL and book fully at ₹220–225
📌 Thanks a ton for checking out my idea! Hope it sparked some value for you.
🙏 Follow for more insights
👍 Boost if you found it helpful
✍️ Drop a comment with your thoughts below!
Patterns Seen: Bullish BAT + Falling Wedge breakout inside a Parallel Channel
✅ Harmonic BAT Pattern
✅ Falling Wedge Breakout
✅ Moving in Parallel Upward Channel
🟢 Trade Setup (Bullish View)
• Stock took support near ₹130–135 (D point of BAT pattern)
• Breakout from falling wedge signals a likely upmove
• Currently moving higher in a rising channel
🎯 Targets (Positional):
Target Price Range Why?
T1 ₹185–188 Recent high + Fib level
T2 ₹200–205 Major resistance + Fib 61.8% extension
T3 ₹220–225 Full move as per BAT pattern
Where to Buy (Entry Zones):
Entry Type Price Range Comment
Safe Buy: ₹170–175 Buy on dip to support your position
Momentum Buy: ₹178–180 Buy on breakout continuation
⚠️ Stop-Loss (Risk Management):
SL Type Price Why?
Tight SL ₹165 Below support
Safe SL ₹153 Below rising channel base and wedge pattern
📝 How to Book Profits:
• 📌 Sell some at ₹185
• 📌 Hold rest till ₹200–205
• 📌 Trail SL and book fully at ₹220–225
📌 Thanks a ton for checking out my idea! Hope it sparked some value for you.
🙏 Follow for more insights
👍 Boost if you found it helpful
✍️ Drop a comment with your thoughts below!
Trade active
If you’re holding the stock, you may want to wait until the closing price drops to the revised stop-loss level of ₹129. The chart structure remains intact. The recent weakness appears to be due to external headwinds, but with a favorable government stance on renewable energy and a solid balance sheet, I continue to see potential upside.Trade closed: stop reached
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Related publications
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.