INOXINDIA – Technical View (Daily Chart)

$INOXINDIA CMP: ₹1,534 Technical Observation: Stock has bounced strongly from the ₹1,470–₹1,480 support zone and is showing renewed buying interest. Price has reclaimed the immediate resistance area near ₹1,525, indicating strength in the short-term trend. RSI is hovering above the 60 mark, reflecting positive momentum and improving market sentiment. Volume activity has picked up during the recent upmove, supporting the bullish outlook. A sustained move above ₹1,535–₹1,550 could trigger further upside towards higher resistance levels. Trade Setup (Positional/Swing): Buy Zone: ₹1,500 – ₹1,535 Target 1: ₹1,579 Target 2: ₹1,632 Target 3: ₹1,685 Stop Loss: ₹1,470 (Daily Closing Basis) View: The overall structure remains constructive with the stock forming higher lows after a healthy consolidation phase. As long as it sustains above ₹1,470, the bullish bias remains intact and the stock may gradually head towards ₹1,632–₹1,685 over the coming weeks. Disclaimer: This is a technical observation for educational purposes only and should not be construed as investment advice. Please consult your financial advisor before taking any investment decision.