INOXWIND - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 3.8

Here’s a detailed technical analysis of INOX Wind Ltd (INOXWIND)

📊 Trend Overview

Phase: Reversing with weak momentum

Price Action: Trading slightly below the 50-DMA (₹151) and well below the 200-DMA (₹163), indicating a short-term pullback within a broader corrective phase.

Volume: Slightly below average (34.5L vs 36.2L), suggesting reduced participation and lack of conviction in current price action.

📈 Momentum Indicators

RSI (52.0): Neutral zone — no strong momentum, indicating sideways movement.

MACD (0.34): Barely positive — signals weak bullish momentum, but not yet a confirmed trend.

Bollinger Bands: Price likely near the middle band, consistent with consolidation and low volatility.

🧭 Chart Patterns

Descending Channel: Price has been declining from ₹258, forming lower highs and lower lows.

Base Formation Attempt: Stabilization near ₹140–₹150 zone suggests potential bottoming, but confirmation is lacking.

🔍 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 140 Minor pullback zone

Support 2 128 52-week low

Resistance 1 151 50-DMA, short-term ceiling

Resistance 2 163 200-DMA, trend reversal trigger

Major Resistance 190–210 Breakdown zone from prior support

🎯 Entry & Exit Zones

Optimal Entry: ₹140–₹149 (on dips with volume confirmation)

Short-Term Target: ₹151–₹163

Exit Zone / Stop-Loss: ₹128 (below key support)

🔄 Short-Term Outlook

Momentum: Weak and stabilizing

Bias: Neutral-to-bullish above ₹151; cautious below ₹140

Phase: Reversing — early signs of base formation

🧠 Key Takeaways

INOXWIND is attempting to recover from a steep decline, but technical indicators remain neutral.

RSI and MACD suggest indecision, while price action near support zones hints at potential upward breakout.

A close above ₹151 with volume could trigger a move toward ₹163–₹190.

Let me know if you’d like a chart visualization or screener of similar reversal setups in the renewable energy sector.

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