INOX WIND Bouncing from Channel Support- Keep In Radar
✅ The stock has successfully bounced off the lower trendline of its rising channel, indicating a continuation of the bullish trend. It is currently testing the key resistance near 225, which aligns with the previous high.
✅ The RSI is recovering from 46, showing a potential buildup of momentum for further upside. A breakout above the resistance zone of 225-230 could push the stock toward higher levels, with the next target being around 260.
✅ With increasing volume and strong buying interest, a confirmed breakout could lead to another rally within the channel reinforcing the overall upward trend.
✅ The RSI is recovering from 46, showing a potential buildup of momentum for further upside. A breakout above the resistance zone of 225-230 could push the stock toward higher levels, with the next target being around 260.
✅ With increasing volume and strong buying interest, a confirmed breakout could lead to another rally within the channel reinforcing the overall upward trend.
Note
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A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
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