Cease Loss: Rs 138
Goal: Rs 164
INOXWIND has just lately consolidated inside a sideways vary earlier than displaying robust upside momentum supported by rising quantity, indicating renewed shopping for curiosity and a shift in market sentiment. The inventory has closed above a latest resistance degree inside the consolidation zone, confirming the early indicators of bullish momentum, and has continued to advance over the previous two buying and selling classes.
The fast resistance is seen round Rs 150, which is a vital degree for short-term merchants to look at. A decisive transfer above this degree may pave the way in which for additional positive aspects, with a possible goal of Rs 164. On the draw back, help is noticed at Rs 143, the place patrons have traditionally stepped in.
(Hitesh Tailor, Technical Analysis Analyst, Selection Broking)
(Disclaimer: Suggestions, ideas, views and opinions given by the specialists are their very own. These don’t characterize the views of Financial Occasions)
