INOXWINDINOXWIND: Looking Good
Rounding Bottom Breakout Sustaining Above/Closing 110
If fail to Sustaining Above 110 then will try to Create Head & Shoulder Pattern
INOXWIND trade ideas
ASCENDING TRIANGLE.RESISTANCE AT 97....ON A BULLISH TRENDLINE.
ENTRY AFTER A GOOD BREAKOUT OF RESISTANCE
Inox Wind : Bullish pattern and BreakoutInox Wind : Bullish pattern and Breakout
CMP : 55.5 : Date : 12.12.2020
INOXWIND Beakout done whats next?Inox wind had a good breakout but will it sustain it?
Only monk can help!
Trade as per the strategy.
All the best!
INOX :AVOIDstock hitting All time low on daily basis
Like a falling knife
Let stock consolidate somewhere
Avoid for now
Inox wind double bottom Inox wind has made double bottom pattern on daily chart , hv to wait and see for the breakout of the resistance
Ascending Triangle formation on INOXWINDAscending 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.
INOX might see bottom.Call can be given only once Neckline is broken by close above 138.
Just for record IPO offer price was 315 for JUNTA
InoxWind- Power of Wind for 350+ in coming years.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 time moves ahead.
From Sep2016 lows od 163- it had an impulsive move to highs of 231 where minor wave-1 gt completed & later retraced close to 90% finishing minor wave -2 at lows of 165.50.
Looks like The move which started is nested waves within waves & we won't hurry up but surely looking strong on upside.
Short Term Chart-4H(4 Hours Chart)
Trading Strategy
Short Term
Above 209 -recent high we look this move till 225-227 zone & later we come back again for review.
Long Term
Indeed Investment stock for 350+ in coming months & years.
Go Long for atleast 30% Gains...The Chart pattern suggest bottom is in Place..Voila..!!Long term downward sloping trend line Break-out..Also triangle break-out...Morning star on monthly Chart..RSI also Suggests Momentum Picking up in the counter..So many ingredients for a perfect Recipe..CMP 203.85.. I would recommend going long for a Minimum 30% Gain for short term.
INOXWIND short term swingThis swing based on Moving average cross + Bullish gap up
E - 191.9
ST - 182.9
T - 211.3
INOXWIND: ₹178.60 in a falling wedge,at support now,target:210INOXWIND: ₹178.60 is trading in a falling wedge, and currently at a double bottom support, in the apex ready for a breakout, most probably bullish. It is a safe entry with a stop loss: ₹170 for a target ₹210 & ₹320 and eventually ₹480
It is in heavy electrical equipment’s and a market leader with a 4000cr market cap and almost same in annual sales.
It is India’s leading wind energy solutions provider servicing IPPs, Utilities, PSUs, Corporates and Retail Investors. INOXWIND is a fully integrated player in the wind energy market with three state-of-the-art manufacturing plants in Gujarat, Himachal Pradesh and Madhya Pradesh with a cumulative manufacturing capacity of 1,600 MW. it manufactures the key components of the Wind Turbine Generator (WTG) to ensure high quality based on the most advanced technology, reliability of performance, and cost competitiveness. INOXWIND WTGs are designed for low wind speed sites such as those in India.
A robust, energetic and experienced team comprising experts across all relevant fields and verticals make the company, a dynamic and enterprising corporate entity.
Inox Wind manufacturers three variants of the 2 MW WTG:
Rotor diameter of 93 meters with hub height of 80 meters
Rotor Diameter of 100 meters with hub height of 80 / 92 meters
Rotor Diameter of 113 meters with hub height of 92 meters
Inox Wind owns a 100% subsidiary, Inox Wind Infrastructure Services, which does the project development in respect of wind power projects, including wind studies, energy assessments, land acquisition, site infrastructure development, power evacuation, statutory approvals, erection and commissioning and long term operation and maintenance of the wind farms.
Business Group - Inox Gujarat Fluorochemicals Ltd, Inox Air Products Limited
INOX Leisure Ltd , Fame India Ltd & Inox Renewables Limited
INOXWIND Long 04.4.2017 - Against the WindNOXWIND Inox Wind Ltd 04.4.2017
Trade
Date of Trade : 4 Apr 2017
Entry Date: Buy Stop
Trade Entry
Market: BSE
Stock: INOXWIND Inox Wind Ltd
Long/Short: Long
Current Price: 174.60
Entry Price:176.30
Time Frame: Daily
Type of Trade: Swing trade
Reason For Trade:
Fundamentally strong stock
Technically the setup is ok except the price is below 50 SMA
There is strong support
MACAD cross over is about to happen (However, it is below zero line)
Promoters stake is high in the stock
At around same level stock Price has bounced from 168 to 227
Stop: 170.93
Target: 183.62
Pluses:
Fundamentally strong stock
Company is expected to give good quarter
Company has good consistent profit growth of 135.77% over 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 31.90%
Compounded Sales Growth:
10 Years: %
5 Years: 122.02%
3 Years: 57.16%
TTM: 16.15%
Compounded Profit Growth:
10 Years: %
5 Years: 135.77%
3 Years: 46.8%
TTM: -16.88%
Return on Equity:
10 Years: %
5 Years: 37.21%
3 Years: 31.9%
TTM: 27.84%
Minuses:
Though the company is reporting repeated profits, it is not paying out dividend
Last years 2016 Net Profit was in negative
Below 50 SMA
Stock in down trend
On Request, InoX WindInox 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(ing) downInox wind has shown a classic descending triangle pattern. The stock has also been performing poorly vs. BSE 500. Despite the recently concluded bull run, the stock did not get any traction. The accum/Dist chart also confirms overall weakness. The stock may be on the way to its life time lows.
