Looks good for a 5th wave ride..
Structure: INOX Wind has completed waves 1, 2, and 3 (Elliott Wave count), now correcting in wave 4 near strong support (120–150INR zone).
Volume: Significant accumulation seen during recent rally, with volume expansion confirming breakout strength.
RSI: Currently at 42.91, indicating the stock is out of the overbought zone and resetting momentum for the next leg.
Outlook: If support holds, wave 5 could target higher levels (500–600 zone).
Invalidation: Breakdown below support could trigger further downside.
Structure: INOX Wind has completed waves 1, 2, and 3 (Elliott Wave count), now correcting in wave 4 near strong support (120–150INR zone).
Volume: Significant accumulation seen during recent rally, with volume expansion confirming breakout strength.
RSI: Currently at 42.91, indicating the stock is out of the overbought zone and resetting momentum for the next leg.
Outlook: If support holds, wave 5 could target higher levels (500–600 zone).
Invalidation: Breakdown below support could trigger further downside.
Aviso legal
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.