📊 INOX India Ltd – Bullish Reversal with Fresh Breakout Setup
The stock is showing signs of renewed strength after a healthy consolidation phase, with buyers regaining control near key support zones.
🔎 Technical Observations:
• Consolidation after previous uptrend
• Formation of higher lows indicating accumulation
• Strong bullish candle near resistance zone
• Price sustaining above important support levels
• Momentum indicators gradually turning positive
🔑 Key Levels to Watch:
• Immediate Support: ₹1,500 – ₹1,475
• Major Support: ₹1,420 – ₹1,370
• Immediate Resistance: ₹1,580 – ₹1,630
🚀 Upside Targets:
• ₹1,685
• ₹1,750
• ₹1,820+
📉 Risk Scenario:
Breakdown below ₹1,475 may weaken the current setup and lead to a retest of lower support zones.
📈 Trading View:
👉 Stock is showing fresh bullish momentum after consolidation
👉 Sustained move above ₹1,580 can trigger a strong breakout rally towards higher targets
⚠️ For educational purposes only. Not a buy/sell recommendation.
— AALGO BREATHS 📊