INOXWIND - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 20 Dec 25, 03:54 pm

Technical Rating: 3.5

📊 Chart Patterns: INOXWIND is trading below both its 50 DMA (137 ₹) and 200 DMA (152 ₹), showing weakness. Price action suggests a downtrend with support near 118 ₹ and resistance around 135–140 ₹.

📈 Moving Averages: Current price (127 ₹) is below both 50 DMA and 200 DMA, confirming bearish sentiment in the short-to-medium term.

📉 RSI: At 32.9, RSI is near oversold territory, indicating heavy selling pressure and potential for rebound.

📉 MACD: Negative (-5.06) confirms bearish crossover, supporting downside momentum.

📊 Bollinger Bands: Price is near the lower band, signaling oversold conditions and possible short-term bounce.

📊 Volume Trends: Current volume (63.9 lakh) is lower than 1-week average (74.0 lakh), showing reduced participation and weak buying interest.

📌 Momentum Signals: Weak short-term momentum; rebound possible if support at 118 ₹ holds.

🎯 Entry Zone: 122–128 ₹ (near support).

🎯 Exit Zone: 135–140 ₹ (near resistance trendline).

🔎 Trend Status: Reversing from oversold levels but still in bearish territory.

Positive

• Quarterly PAT growth of 285% (₹247 Cr vs ₹86.7 Cr).
• EPS of 3.72 ₹ supports valuation stability.
• DII holdings increased (+0.75%), showing domestic institutional support.
• PEG ratio of 0.73 indicates reasonable valuation relative to growth.
• Low debt-to-equity ratio (0.12) shows financial stability.

Limitation

• Stock trading below both 50 DMA and 200 DMA, showing technical weakness.
• Dividend yield is 0.00%, reducing income appeal.
• ROCE (11.8%) and ROE (10.2%) are modest compared to peers.
• Volume participation is declining, limiting breakout potential.

Company Negative News

• Decline in FII holding (-0.41%) shows reduced foreign investor confidence.
• Weak technical indicators (RSI, MACD) point to short-term bearishness.

Company Positive News

• Quarterly profits improved significantly (₹247 Cr vs ₹86.7 Cr).
• DII inflows (+0.75%) highlight domestic institutional confidence.
• Strong fundamentals with improving profitability and low debt.

Industry

• Industry PE at 43.9 is higher than INOXWIND’s P/E (37.3), suggesting relative undervaluation.
• Renewable energy sector outlook remains positive with strong government support and demand growth.

Conclusion

⚖️ INOXWIND is oversold with RSI at 32.9, suggesting potential for short-term rebound. Traders may consider entry around 122–128 ₹ with exit near 135–140 ₹. Long-term investors benefit from strong profit growth, low debt, and sector tailwinds, though weak technicals and reduced FII confidence remain concerns.