INOXWIND - Technical Analysis

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

Technical Rating: 2.9

Here’s a breakdown of INOX Wind Ltd — it’s showing a clear downtrend with fading momentum, but some oversold pressure may create tactical entry opportunities

📊 Trend & Moving Averages

Current Price ₹156 is trading below both DMA 50 (₹169) and DMA 200 (₹170) → confirms a bearish trajectory.

Decline from 52-week high ₹258 to ₹156 (↓40%) shows severe loss in trend strength.

52w Index: 21.5% suggests weak long-term performance.

🧭 Trend Status: Bearish, with early signs of base building — could consolidate if demand picks up near lows.

📉 Momentum Signals

RSI (33.2): Near oversold levels → potential rebound zone if buyers emerge.

MACD (-4.41): Bearish divergence, but flattening slope indicates possible slowdown in negative momentum.

Volume (75.3L) > Avg Vol (70.5L) → slight spike implies growing interest near lower levels.

⚠️ Momentum Verdict: Still weak, but early accumulation signs may lead to short-term relief rallies.

📈 Bollinger Bands Insight

Likely hugging the lower band → confirms oversold behavior.

No squeeze in sight → volatility remains elevated, but not explosive.

🔍 Support & Resistance Levels

Type Price Range (₹) Commentary

Support 150–154 Base zone, recent volume support seen here

Resistance 168–172 DMA cluster acting as overhead barrier

Breakout Above 175 Requires volume surge and MACD crossover

🎯 Trade Strategy

Entry Zone: ₹151–₹155 (oversold + volume accumulation zone)

Exit Zone: ₹168–₹172 (50/200-DMA resistance confluence)

Stop Loss: ₹147 (tight guard below support base)

📌 Conclusion

INOXWIND is navigating a bearish phase, but technical pressure near support may lead to a bounce.

Entry near ₹151–₹155 can be tactical, provided volume sustains.

A true reversal needs RSI > 45 and MACD crossover backed by strong demand.

Would you like to see how this stacks up against Suzlon or ReNew in the clean energy space? Could be fun to find the best wind momentum 😉💨📈

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