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Price and trend forecast of INOXWIND for Tomorrow, Weekly, Monthly

Inox Wind Limited

Symbol: NSE:INOXWIND

ISIN: INE066P01011

160.08

As on 2024-07-24

124.25 (52W Low) 663.00 (52W High)

INOXWIND's Today's Performance

Inox Wind Limited started the day by opening at 149.95 today 2024-07-24. Its shares reached a high of 161.00 and dipped to a low of 148.22 in intraday. When the markets closed, INOXWIND’s stock price settled at ₹160.08 per share. Also check out its key support and resistance levels.

INOXWIND Buy/Sell Targets

Tomorrow, buy INOXWIND when its price reaches ₹ 160.08 with a stop-loss order at ₹ 153.36. You can set the target price as ₹ 166.80 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of INOXWIND for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for INOXWIND

Downside Targets Value in ₹
Tomorrow Down Target 1 165
Tomorrow Down Target 2 169
Tomorrow Down Target 3 177

Important Levels for INOXWIND

Holding Levels Value in ₹
Tomorrow Up Target 1 152
Tomorrow Up Target 2 144
Tomorrow Up Target 3 139
Based on where the stock opens tomorrow, if INOXWIND opens on a positive note, our first target will be ₹165. If Target 1 is achieved, we will aim for Target 2 which is ₹169.

But if INOXWIND falls below the average value of ₹156.43, you can enter a sell side position with target number 1 - ₹152 and second target - ₹144 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of INOXWIND

Looking at INOXWIND, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, INOXWIND has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for INOXWIND is moderate bearish.

Tomorrow's Volume based share price Forecast for INOXWIND

INOXWIND's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is -12%.

Reversal detection for INOXWIND

Predicted trend chart of INOXWIND tomorrow for price forecast
INOXWIND may trend may continue to be bullish since stock is making higher highs and we can get target of ₹148 in morning tomorrow
Target 1 tomorrow161
Target 2 tomorrow164
Target 3 tomorrow169
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with INOXWIND's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if INOXWIND opens on a positive note, our first target will be ₹164.65. If Target 1 is achieved, we will aim for Target 2 which is ₹169.21.

But if INOXWIND falls below the average value of ₹156.43, you can enter a sell side position with target number 1 - ₹151.87 and second target - ₹143.65

INOXWIND's Weekly Targets
1st Up Target 167.35
2nd Up Target 174.63
1st Down Target 146.45
2nd Down Target 132.83

As the week for INOXWIND ended on bullish sentiments, we can expect further continuation of this sentiment. INOXWIND's initial target will be 167.35 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 146.45 in the upcoming week.

Weekly OHLC Values
Open 151.21
High 161.00
Low 140.10
Close 160.08

Week for INOXWIND started with an open price of 151.21, and the close was at 160.08. INOXWIND reached the highest of 161.00 and dipped lowest up to 140.10 last week. This indicates a bullish sentiment for the week.

INOXWIND full month swing targets
Monthly Up Target 1 188.25
Monthly Up Target 2 195.53
Monthly Down Target 1 125.55
Monthly Down Target 2 91.03

Targets of ₹188.25 can be expected to be reached in the coming month. Once INOXWIND achieved this target, we can aim for the next upside target of ₹195.53.

INOXWIND if fails to hold upside, down targets of ₹125.55 and ₹91.03 can be achieved by end of this month.

For complete three weeks if INOXWIND is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

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Summary

INOXWIND is expected to reach the target of 164.65 in tomorrow's trading session.

After achieving the initial target in INOXWIND, we will aim for higher targets of 169.21 tomorrow.

However, if INOXWIND starts to trade below ₹156.43, then we will shift our focus to the sell side and aim for down targets of 151.87 and 143.65.