INOXWIND - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.4
| Stock Code | INOXWIND | Market Cap | 18,016 Cr. | Current Price | 104 ₹ | High / Low | 198 ₹ |
| Stock P/E | 30.6 | Book Value | 35.3 ₹ | Dividend Yield | 0.00 % | ROCE | 11.8 % |
| ROE | 10.2 % | Face Value | 10.0 ₹ | DMA 50 | 121 ₹ | DMA 200 | 143 ₹ |
| Chg in FII Hold | 0.79 % | Chg in DII Hold | 0.50 % | PAT Qtr | 247 Cr. | PAT Prev Qtr | 86.7 Cr. |
| RSI | 33.6 | MACD | -5.35 | Volume | 50,81,582 | Avg Vol 1Wk | 66,21,983 |
| Low price | 102 ₹ | High price | 198 ₹ | PEG Ratio | 0.60 | Debt to equity | 0.12 |
| 52w Index | 2.39 % | Qtr Profit Var | 285 % | EPS | 3.72 ₹ | Industry PE | 35.4 |
📉 Chart & Trend Analysis: INOXWIND is trading at ₹104, well below its 50 DMA (₹121) and 200 DMA (₹143), indicating a weak technical structure. RSI at 33.6 suggests the stock is approaching oversold territory. MACD at -5.35 shows bearish momentum. Bollinger Bands indicate price hugging the lower band, signaling sustained weakness. Current volume (50.8L) is below the 1-week average (66.2L), reflecting reduced buying interest.
🔑 Momentum Signals: Short-term momentum is bearish with immediate support at ₹102 (recent low) and major resistance at ₹121 (DMA50). Optimal entry zone: ₹102–₹106 for risk-tolerant traders. Exit zone: ₹118–₹121 if recovery occurs. Trend status: Reversing downward.
Positive ✅
- Quarterly PAT surged to ₹247 Cr from ₹86.7 Cr, showing strong earnings momentum.
- FII (+0.79%) and DII (+0.50%) holdings increased, reflecting institutional confidence.
- PEG ratio of 0.60 indicates attractive valuation relative to growth.
- Low debt-to-equity (0.12) ensures manageable leverage.
Limitation ⚠️
- Stock trading below both 50 DMA and 200 DMA, signaling weak technical strength.
- ROCE (11.8%) and ROE (10.2%) are modest compared to industry leaders.
- No dividend yield, limiting income appeal for investors.
- Volume trend weaker than average, showing lack of strong buying support.
Company Negative News 📉
- Stock has fallen sharply from 52-week high of ₹198 to ₹104, eroding investor confidence.
- 52-week index at 2.39% highlights poor relative performance.
Company Positive News 📊
- Quarterly profit variation of 285% indicates strong operational turnaround.
- EPS at ₹3.72 shows improving profitability trajectory.
Industry 🌐
- Industry PE stands at 35.4, higher than INOXWIND’s PE of 30.6, suggesting potential undervaluation.
- Renewable energy sector continues to benefit from government incentives and global clean energy push.
Conclusion 📝
INOXWIND is currently in a bearish reversal phase, trading below key moving averages with weak momentum indicators. While fundamentals show strong profit growth and institutional support, technicals remain fragile. Risk-tolerant traders may consider entries near ₹102–₹106 with exits around ₹118–₹121, but long-term investors should wait for confirmation of trend reversal above the 50 DMA.
Would you like me to also prepare a sector benchmarking overlay comparing INOXWIND with peers in renewable energy (e.g., Suzlon, Adani Green, Tata Power Renewables) to highlight relative strength and valuation?