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

Inox Wind Limited

Symbol: NSE:INOXWIND

ISIN: INE066P01011

558.40

As on 2024-04-12

95.40 (52W Low) 648.00 (52W High)

INOXWIND's Today's Performance

Inox Wind Limited started the day by opening at 541.75 today 2024-04-12. Its shares reached a high of 566.00 and dipped to a low of 537.50 in intraday. When the markets closed, INOXWIND’s stock price settled at ₹558.40 per share. Also check out its key support and resistance levels.

INOXWIND Buy/Sell Targets

Tomorrow, buy INOXWIND when its price reaches ₹ 558.40 with a stop-loss order at ₹ 545.69. You can set the target price as ₹ 571.11 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 support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for INOXWIND

Resistance Levels Value in ₹
Tomorrow Resistance 1 570
Tomorrow Resistance 2 582
Tomorrow Resistance 3 599

Important Supports for INOXWIND

Support Levels Value in ₹
Tomorrow Support 1 542
Tomorrow Support 2 525
Tomorrow Support 3 513
Based on where the stock opens tomorrow, if INOXWIND opens on a positive note, our first target will be ₹570. If Target 1 is achieved, we will aim for Target 2 which is ₹582.

But if INOXWIND falls below the average value of ₹553.97, you can enter a sell side position with target number 1 - ₹542 and second target - ₹525 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 Increasing 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 Upward path, giving us insights how its value changes in the market.

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

Tomorrow's Volume based share price Forecast for INOXWIND

INOXWIND's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish 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 ₹546 in morning tomorrow
Target 1 tomorrow565
Target 2 tomorrow572
Target 3 tomorrow582
 

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 ₹570.43. If Target 1 is achieved, we will aim for Target 2 which is ₹582.47.

But if INOXWIND falls below the average value of ₹553.97, you can enter a sell side position with target number 1 - ₹541.93 and second target - ₹525.47

INOXWIND's Weekly Targets
1st Up Target 579.23
2nd Up Target 600.07
1st Down Target 537.03
2nd Down Target 515.67

As the week for INOXWIND ended on bullish sentiments, we can expect further continuation of this sentiment. INOXWIND's initial target will be 579.23 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 537.03 in the upcoming week.

Weekly OHLC Values
Open 542.80
High 578.70
Low 536.50
Close 558.40

Week for INOXWIND started with an open price of 542.80, and the close was at 558.40. INOXWIND reached the highest of 578.70 and dipped lowest up to 536.50 last week. This indicates a bullish sentiment for the week.

INOXWIND full month swing targets
Monthly Up Target 1 621.43
Monthly Up Target 2 642.27
Monthly Down Target 1 494.83
Monthly Down Target 2 431.27

Targets of ₹621.43 can be expected to be reached in the coming month. Once INOXWIND achieved this target, we can aim for the next upside target of ₹642.27.

INOXWIND if fails to hold upside, down targets of ₹494.83 and ₹431.27 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 570.43 in tomorrow's trading session.

After achieving the initial target in INOXWIND, we will aim for higher targets of 582.47 tomorrow.

However, if INOXWIND starts to trade below ₹553.97, then we will shift our focus to the sell side and aim for down targets of 541.93 and 525.47.