Stock Name - Inox Wind Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 240
#This is not Buy and Sell recommendation to any one. This is for education...
Inox Wind soars 9%, hits 7-year high on Monday; what's driving the rally?
Shares of Inox Wind hit their highest level since July 2016 after its customer, NTPC Renewable Energy, announced the successful commissioning of 50 MW out of 150 MW Dayapar Wind Energy Project
Inoxwind's weekly chart is displaying significant strength and appears to have ample upward potential. After maintaining lower levels for nearly 80 days, it has now formed a bullish weekly candle.
NSE: INOXWIND is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on...
we see in the chart that the stock changing its momentum
we will see that the stock will give good returns on the monthly chart
Central resistance zone between 235 to 310 rs approx.(+-5)...above 233 will see a sudden change in north direction...book profit at 300 rs and if broke 310 monthly then the stock will show further momentum
first target:235
second...
Stock Name - Inox Wind Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 216
#This is not Buy and Sell recommendation to any one. This is for education...
Stock Name - Inox Wind Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 203
#This is not Buy and Sell recommendation to any one. This is for education...
Stock Name - Inox Wind Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 135
#This is not Buy and Sell recommendation to any one. This is for education...
NSE:INOXWIND
After a recent downtrend from NOV, INOXWIND seems to be bouncing back from support levels.
We can clearly see an increase in volumes, above all the moving averages.
Also, Daily RSI is increasing, which is above weekly and monthly.
Also stock closed above the previous Week and Monthly Highs.
Add to watchlist - next target will be 128 and then 154...
LOGIC,LEVEL AND TARGET WELL MENTIONED IN THE CHART
NOTE -The above interpretation from the chart is my personal view and doesn't guarantee any success.
(Do talk to your financial advisor before making any investment decisions)
please like, share and comment if you have any suggestion regarding this analysis.
Inox wind weekly chart seems under the formation of C&H. Thought its early to pre-empt, but worth keeping the stock on watch list. RSI is also decent at 56 for weekly chart with this week yet to have 4 more sessions.
Disc : Invested. Not a reco to buy or sell
A clear breakout and retracement has happened in INOX WIND... This is a great time to enter for a positional Trade... We can expect a Huge buying pressure
INOX
Sell at 347-347.50
Target Buy :- 346.50, 345, 344
SL :- 348.50 - 349
This is not a intraday call....
this is only for education purpose...
let me know if i am wrong in this.....
Thanks in Advance.......
