Inox Wind: Decision Zone at 200-WMA — Bounce or Breakdown?Inox Wind is currently trading at an important technical zone, sitting near the 200-week moving average . This area often acts as long-term support, but it is not a guarantee of a reversal .
From a structural perspective, the broader move looks corrective , unfolding as a (W)-(X)-(Y) pattern . The decline from wave (b) appears to be forming an (a)(b)(c) correction , moving inside a descending channel , which keeps the broader trend under pressure for now.
The 100% Fibonacci extension of wave (a) from (b) comes around 96.66 , while the 100–104 zone acts as a major support pivot. This zone becomes crucial going forward.
Bullish scenario:
If price holds above the 100–104 zone , breaks the descending channel, and is supported by a clear volume expansion , it could signal that the corretion is nearing completion and a trend reversal attempt is underway.
Bearish scenario:
A weekly close below ~100 , especially without any volume support, keeps the corrective structure active and opens the door for a deeper move toward the 40–60 support zone , where the next meaningful demand area exists.
At this stage, volume remains the key missing confirmation . Without a volume breakout, any bounce should be treated as corrective , not impulsive.
Overall, Inox Wind is at a decision point , where the next few weeks of price action and volume behavior will likely define the next major trend.
Disclaimer:
This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
