Ascending triangle formation on the chart also good signal on the MA(10) on the CCI(20). The EMA(200) seems as a strong resistance so a breakthrough above it could mean strong movement. Also fine support from the ICHIMOKU cloud below. Anything in 150-155 should be a good entry point IMHO.
Indeed Investment Stock for target zone 325-350 as Minor wave 2 retraced deep almost 90% of Minor wave -1- So, we shall be looking for target zone 325-350 + in coming months & years. At 345 it measure 261.8% of minor wave-1 distance & projected from minor wave-2.
But it is too early to come up with such high projections at this stage & we will review the stock as...
Inox Wind is in downtrend, But its now trying to create a base.
If it sustains above 185 for couple of days then it will try to reach 214.
Exit on close below 160
Inox Wind Ltd. engages in the manufacture and sale of wind turbine generators. It included erection, procurement and commissioning (EPC); operations and maintenance (O&M); common infrastructure facilities services for WTGs; and wind farm development services. The company was founded on April 9, 2009 and is headquartered in Noida, India.
INOXWIND
