INOXWIND - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.8
| Stock Code | INOXWIND | Market Cap | 14,175 Cr. | Current Price | 82.0 ₹ | High / Low | 198 ₹ |
| Stock P/E | 21.8 | Book Value | 35.3 ₹ | Dividend Yield | 0.00 % | ROCE | 11.8 % |
| ROE | 10.2 % | Face Value | 10.0 ₹ | DMA 50 | 99.6 ₹ | DMA 200 | 130 ₹ |
| Chg in FII Hold | 0.79 % | Chg in DII Hold | 0.50 % | PAT Qtr | 126 Cr. | PAT Prev Qtr | 247 Cr. |
| RSI | 31.7 | MACD | -6.71 | Volume | 1,07,33,350 | Avg Vol 1Wk | 1,39,06,660 |
| Low price | 77.2 ₹ | High price | 198 ₹ | PEG Ratio | 0.43 | Debt to equity | 0.12 |
| 52w Index | 3.98 % | Qtr Profit Var | 96.0 % | EPS | 4.03 ₹ | Industry PE | 33.0 |
📉 Chart & Trend: INOXWIND is trading well below its 50 DMA (₹99.6) and 200 DMA (₹130), with the current price at ₹82.0. This indicates a strong bearish trend and lack of recovery momentum.
📊 RSI: At 31.7, RSI is near oversold territory, suggesting potential for a short-term bounce but overall weak strength.
📉 MACD: Negative at -6.71, confirming bearish momentum and no clear reversal signals yet.
📈 Bollinger Bands: Price is near the lower band, reflecting oversold conditions but also risk of further downside if support breaks.
📊 Volume: Current volume (1.07 Cr) is lower than average weekly volume (1.39 Cr), showing reduced participation and weak buying interest.
📍 Support & Resistance:
- Strong support: ₹77.2
- Immediate resistance: ₹99.6 (50 DMA)
- Major resistance: ₹130 (200 DMA)
Optimal entry zone: ₹78–₹82 (near support, oversold RSI).
Exit zone: ₹98–₹105 (resistance cluster).
🔎 Trend Status: The stock is consolidating near support with bearish bias. A reversal requires sustained close above ₹100.
Positive
- PEG ratio of 0.43 indicates attractive valuation relative to growth.
- Low debt-to-equity (0.12) ensures manageable leverage.
- Quarterly profit variation of 96% shows strong earnings volatility upside.
- FII (+0.79%) and DII (+0.50%) holdings increased, signaling institutional confidence.
Limitation
- Trading far below both 50 DMA and 200 DMA signals weakness.
- RSI and MACD confirm bearish momentum.
- Dividend yield is 0%, limiting income potential for investors.
- ROCE (11.8%) and ROE (10.2%) are modest compared to industry leaders.
Company Negative News
- Quarterly PAT dropped to ₹126 Cr from ₹247 Cr, showing earnings pressure.
- Stock has corrected sharply from its 52-week high of ₹198.
Company Positive News
- EPS at ₹4.03 supports gradual earnings visibility.
- Institutional buying interest reflected in increased FII/DII holdings.
Industry
- Industry PE at 33.0 vs INOXWIND’s PE of 21.8 shows relative undervaluation.
- Renewable energy sector remains a long-term growth story with government support.
Conclusion
⚖️ INOXWIND is consolidating near support with bearish momentum. Short-term traders may consider entry near ₹78–₹82 with exits around ₹98–₹105. Long-term investors should accumulate cautiously, given sector tailwinds, but wait for confirmation above ₹100 for trend reversal.
Would you like me to extend this into a renewable energy basket overlay (Suzlon, Adani Green, Tata Power) so you can benchmark INOXWIND’s setup against sector peers for stronger confirmation signals?