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INOX – TECHNICAL CHART STUDY

INOX_1

buy INOX above only 146 level, for short term hold with 135 sl target 155-170 also if close above 146 then hold for medium term target 190-250 sl 120

technical chart study

as we can see that stock is now moving higher and almost breaking its 6 years high now, and its moving into rising wedge channel from so many years, recently it able to move above this rising wedge, so if it able to move and close above our desire level then we can expect some fast move in this stock.

even at present rsi is also supporting with still having scope for the movement, so once price able to confirm the next trend then only we will be able to get some confirmation.

so overall view is buy this above 146 for intraday also, and hold with nearest sl of 135 if move above 146 then only sl will be active and wait for momentum, also if close above mention level then hold this one with mention levels and targets.

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