INOXINDIA trade ideas
INOXINDIA LONGThe Elliott Wave analysis indicates that the stock has finished waves (i) and (ii), moving in the wave (iii), which are shown by blue numbers on the daily chart.
Wave (iii), also known as the strongest impulse wave, unfolded into five waves, which are illustrated in red.
waves i, and ii are finished and shown in red colour on the chart.
Wave iii (in red colour) of wave (iii) (in blue colour) will unfold in five waves, as illustrated in the black circle.
Wave levels are depicted on the chart.
Level of Invalidation
The invalidation level of 1111.15 has been identified as the end point for wave (ii). If the price falls below this level, it means that the projected Elliott Wave pattern is not as it appears.
I'm not a registered Sebi analyst. My research is done solely for academic purposes.
Please consult your financial advisor before trading or investing. I bear no responsibility for your profits or losses.
Regards, VJ.
InoxindiaHammer formation at support level, bounce back is expected in this counter with target 1450, if brokeout from this channel may result in 1700 as well. Good R:R ratio.
Keeping it simple, not complicate things with lot of indicators.
IPO UnderperformerStock had a lot of talks and GMP during IPO got a decent listing due to negative market sentiments but if you are holding it then enjoy the ride. There is more to come.
NSE:INOXINDIA
INOXINDIA LIMITED - sureshot buy on retestI have entered this stock almost 2 months back and already 2 targets have been achieved..
I perfer to add some quantity in this stock when this stock retest around 1315-1320 levels..
Hourly RSI is lil overheated but still have fuel for 50-100 rs move.. Lets see.. holding with patience..
If get a chance and this stock moves 100 rs more.. will book partial quantity and will add it back when the stock retest its level
Breakout in Inox IndiaBreakout in IPO Stock.
This is the second base after the IPO. The stock has touched new high on an increased volume.
INOXINDIA bullish; above 1311 ? - Thursday 4th April.The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading Strategy:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buy in hope of another 2% upmove intraday.
"High Risk Traders" patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders book profits at this stage
This do not constitute, financial, investment, trading, or other types of advice or recommendation.
Inox India will Boom Adani collaborate with inox(news 7 Dec) + Quarter result Good + Structure is good
INOXINDIAINOX INDIA is at Supply zone and can fall from here. You can follow below the zone, i.e Imbalance zones & Demand zones for buying opportunity. This is my projection for this stock.
NOTE: I'm not a SEBI REG. Study before investing.
INOXIndia base is ready to upmoveTight Closing followed by shakeout
If there is a gap up opening can expect a good move, with Pin bar low as the SL
Inox India - IPO listing bottomA stock with much IPO hype but now has been consolidating
Today on the daily it formed a beautiful doji which could mean if there is a green candle the bottom could be in place.
Long above 890 with a SL below 855 where it'd be a new low for the stock.
there would be a downward trendline breakout.
The stock could be pyramided above 950 where it'd be an ipo breakout.
INOX INDIA- IPO Based Breakout-trend breakout possible in short term
-taking support in lower levels
-rsi is weak as of now but will take momentum after breakout
-keep in radar
