INOX INDIA – Base Breakout with Strong Volume | BTST & 3–Day Upside Setup
CMP: ₹1183.10
Trade Type: BTST / Short-Term Positional (2–4 Days)
Confidence Level: ⭐⭐⭐⭐½ (90%)
🧠 Technical Setup & Reasoning:
✅ Breakout from Base Range: The stock has convincingly broken above a multi-day consolidation zone of ₹1160–1170 with a strong green candle.
✅ Volume Surge: Notable spike in volume during the breakout, indicating institutional interest and clean participation.
✅ MACD: Bullish crossover on the hourly chart with rising histogram — supports continuation of upward move.
✅ RSI: Trending above 60 and rising — stock gaining strength but not yet overbought.
✅ Sector Sentiment: Capital goods & energy infrastructure-related names (like INOX India) are currently gaining traction — good macro backdrop.
📊 Trade Levels
🎯 Target 1: ₹1210
🎯 Target 2: ₹1235
🚀 Stretch Target: ₹1265+ (if broader momentum sustains)
🛑 Stop-Loss: ₹1156 (closing basis)
📌 Why This Trade Has High Conviction
Fresh breakout from consolidation with price > volume confirmation
Early in the trend — offers good risk-reward
MACD + RSI both aligned for a follow-through
Capital goods / LNG infra theme seeing renewed interest post recent fund flows
📌 Strategy:
Entry zone: ₹1178–1183
Trail SL to cost once ₹1210 is crossed
Book partial profits above ₹1230 and let the rest ride if volume holds
💬 INOX India setting up for a clean breakout leg with fresh momentum. Attractive 3–4 day swing potential.
🧠 #INOXIndia #BreakoutTrade #BTST #VolumeConfirmed #CapitalGoods #SwingTrade #EnergyInfrastructure
CMP: ₹1183.10
Trade Type: BTST / Short-Term Positional (2–4 Days)
Confidence Level: ⭐⭐⭐⭐½ (90%)
🧠 Technical Setup & Reasoning:
✅ Breakout from Base Range: The stock has convincingly broken above a multi-day consolidation zone of ₹1160–1170 with a strong green candle.
✅ Volume Surge: Notable spike in volume during the breakout, indicating institutional interest and clean participation.
✅ MACD: Bullish crossover on the hourly chart with rising histogram — supports continuation of upward move.
✅ RSI: Trending above 60 and rising — stock gaining strength but not yet overbought.
✅ Sector Sentiment: Capital goods & energy infrastructure-related names (like INOX India) are currently gaining traction — good macro backdrop.
📊 Trade Levels
🎯 Target 1: ₹1210
🎯 Target 2: ₹1235
🚀 Stretch Target: ₹1265+ (if broader momentum sustains)
🛑 Stop-Loss: ₹1156 (closing basis)
📌 Why This Trade Has High Conviction
Fresh breakout from consolidation with price > volume confirmation
Early in the trend — offers good risk-reward
MACD + RSI both aligned for a follow-through
Capital goods / LNG infra theme seeing renewed interest post recent fund flows
📌 Strategy:
Entry zone: ₹1178–1183
Trail SL to cost once ₹1210 is crossed
Book partial profits above ₹1230 and let the rest ride if volume holds
💬 INOX India setting up for a clean breakout leg with fresh momentum. Attractive 3–4 day swing potential.
🧠 #INOXIndia #BreakoutTrade #BTST #VolumeConfirmed #CapitalGoods #SwingTrade #EnergyInfrastructure
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.