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.
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.