Stop Loss: Rs 138

Target: Rs 164

INOXWIND has recently consolidated within a sideways range before showing strong upside momentum supported by rising volume, indicating renewed buying interest and a shift in market sentiment. The stock has closed above a recent resistance level within the consolidation zone, confirming the early signs of bullish momentum, and has continued to advance over the past two trading sessions.

The immediate resistance is seen around Rs 150, which is a critical level for short-term traders to watch. A decisive move above this level could pave the way for further gains, with a potential target of Rs 164. On the downside, support is observed at Rs 143, where buyers have historically stepped in.

(Hitesh Tailor, Technical Research Analyst, Choice Broking)

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