Inox Green Energy Services Ltd - Breakout Setup, Move is ON...#INOXGREEN trading above Resistance of 160
Next Resistance is at 245
Support is at 99
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
INOXGREEN
INOXGREEN - keep an eye for weekly close above 158NSE:INOXGREEN
cmp 133
keep an eye for weekly close above 158 . it has been in this tight range for last 5 months
a positive weekly close above 158 and we can expect new highs
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
INOXGREEN Analysis & PredictionINOXGREEN Analysis & Prediction
This is the analysis of INOXGREEN in Weekly Time Frame. Watch carefully. The chart explains itself.
The stock managed to break the previous resistance with volume. Now facing resistance at trendline. This break out level may be retest in near future. If it will break and sustain above the trendline, it is good for the stock.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About INOXGREEN:
Inox Green Energy Services Ltd. provides wind power operation and maintenance services. The company is engaged in the business of providing long-term O&M services for wind farm projects, specifically the provision of O&M services for wind turbine generators (“WTGs”) and the common infrastructure facilities on the wind farm which support the evacuation of power from such WTGs. The firm was founded on 05th May, 2012 and is headquartered in Vadodara, India.
INOXGREEN Analysis Buy mode ON Incorporated in 2012, Inox Green Energy Services Limited is one of the major wind power operation and maintenance ("O&M") service providers within India. The company is a subsidiary of Inox Wind Limited ("IWL") and part of the Inox GFL group of companies.
INOXGREEN has broken out to the upside. I am expecting it to go higher.
All important levels are marked on the chart.
Reasons:
RSI > 60, crossing 60 to the upside, entering the bullish zone. (Bullish)
Price > EMAs show the market has good bullish strength. (Bullish)
VWAP ~ Price shows good volume balanced price, ready to move to the upside. (Bullish)
Stock has a broken symmetrical triangle to the upside, which is a neutral pattern. Now, as it has broken to the upside, there is a high probability of moving it to the upside.
Verdict : Bullish
Plan of action :
Buy: 146.50
Stoploss: 134
Target: 187.50
INOXGREEN : Swing Trade#INOXGREEN #vcppattern #vcpbreakout #breakoutcandidate #trendingstock #stockstotrade
INOX Green : Swing Trade
>> Breakout Candidate
>> Beautiful VCP Pattern
>> Good Strength & Volumes
>> Trending Stock
Swing Traders can Lock Profits at 10% & Keep Trailing
Disc : Charts/Stocks Shared are for Learning Purpose & not for Trade.
INOXGREEN Bullish Prediction analysis 13 NOVINOXGREEN is a power Stock that has given the breakout and a high probable that it will move in the bull side now. It has successfully broken the Flag and pole pattern.
Reason:
Flag and Pole Breakout to upside.
RSI > 50, crossing 60 to upside means a bullish momentum is expected.
Price > EMAs(13,50,200) shows bullishness.
Price > VWAP
Successful Breakout done.
Verdict:
Strong Bullish
Plan of action:
BUY: 69-70 (LTP)
STOPLOSS: 65.50
TARGET: 80 (1st Target) after that trail