INOXINDIA - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.4

Here’s a detailed technical analysis of INOX India Ltd (INOXINDIA)

📊 Trend Overview

Phase: Strong uptrend nearing resistance

Price Action: Trading near its 52-week high (₹1,289) and well above both 50-DMA (₹1,172) and 200-DMA (₹1,134), confirming bullish momentum.

Volume: Slightly below average, suggesting mild cooling after a strong rally.

📈 Momentum Indicators

RSI (65.0): Bullish zone — approaching overbought territory, indicating strength but caution for short-term traders.

MACD (20.0): Strongly positive and diverging — confirms bullish momentum.

Bollinger Bands: Price likely hugging the upper band, suggesting strength but also potential for short-term pause or pullback.

🧭 Chart Patterns

Ascending Channel: Price has been forming higher highs and higher lows from ₹884, indicating a sustained uptrend.

Breakout Setup: Price is testing the upper resistance zone near ₹1,289 — a breakout above this could trigger a fresh rally.

🔍 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 1,220 Minor pullback zone

Support 2 1,172 50-DMA, dynamic support

Support 3 1,134 200-DMA, long-term support

Resistance 1 1,289 52-week high, immediate ceiling

Resistance 2 1,320 Psychological level

Major Resistance 1,400 Extension target if breakout occurs

🎯 Entry & Exit Zones

Optimal Entry: ₹1,220–₹1,250 (on dips with volume confirmation)

Short-Term Target: ₹1,289–₹1,320

Exit Zone / Stop-Loss: ₹1,172 (below 50-DMA)

🔄 Short-Term Outlook

Momentum: Strong and accelerating

Bias: Bullish above ₹1,220; cautious below ₹1,172

Phase: Trending — with breakout potential

🧠 Key Takeaways

INOXINDIA is in a robust uptrend backed by strong technical indicators and proximity to its 52-week high.

RSI and MACD confirm momentum, while moving averages reinforce trend strength.

A decisive close above ₹1,289 with volume could unlock upside toward ₹1,320–₹1,400.

Let me know if you’d like a chart visualization or screener of similar breakout industrial stocks.

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