INOXINDIA - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 3.4

Here’s a crisp, data-backed technical breakdown of INOXINDIA, spotlighting its short-term chart behavior and strategic price zones

📉 Trend Overview

Current Price (₹1,176) sits below the 50-DMA (₹1,193) and slightly above 200-DMA (₹1,125) → sign of short-term weakness inside a medium-term uptrend.

From the 52-week high of ₹1,332, price has declined and is now attempting to stabilize—suggests consolidation with a reversal bias.

🧭 Trend Status: Consolidating (near support), awaiting directional confirmation.

🔁 Momentum Indicators

RSI (38.7): Just above oversold territory → indicates weakening momentum but a possible bounce setup.

MACD (-3.90): Negative and diverging → confirms short-term bearish momentum.

Volume (31K): Significantly below average (81K) → signals low trader interest, often seen during base-building phases.

📊 Bollinger Bands

Price likely nearing the lower band, reinforcing oversold sentiment.

No squeeze evident yet, but volatility could expand soon if volume reappears.

📐 Support & Resistance Matrix

Zone Type Price Range (₹) Commentary

Support 1,150 – 1,165 Recent lows and near 200-DMA zone

Resistance 1,195 – 1,215 50-DMA area and minor swing top resistance

Breakout Zone 1,220+ Signals fresh bullish leg if MACD and volume confirm

🎯 Trade Strategy

Entry Zone: ₹1,155–₹1,175 (bounce setup near support + oversold RSI)

Exit Zone: ₹1,195–₹1,215 (take profit near resistance cluster)

Stop Loss: ₹1,140 (below support base and 200-DMA)

🔍 Conclusion

INOXINDIA is consolidating, hovering above long-term support with short-term bearish momentum.

Traders could watch for a mean-reversion trade, supported by RSI lift and MACD flattening.

If price reclaims ₹1,220 on healthy volume, trend reversal could be underway targeting ₹1,260–₹1,300 range.

Want help comparing this consolidation phase with peer industrial stocks or mapping relative strength across sectors? I’ve got just the charts for that 📊🚀

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