📈 [Long-Term Trade] – INOX Green Energy (INOXGREEN)

🔹 Type of View: Long-Term Trade 🔹 Stock Name: INOX Green Energy Services Ltd (NSE: INOXGREEN) 🔹 CMP: ₹181.35 🔹 Upside Potential is huge 📌 Rationale/Analysis: Elliott Wave Setup: Wave 2 correction has completed successfully. The stock has now initiated Wave 3, which is typically the most impulsive and rewarding move in the Elliott sequence. MACD Divergence: Bullish divergence is visible, with price making lower lows while MACD makes higher lows — signaling a potential trend reversal. AVWAP Support: The price has taken support on the long-term Anchored VWAP, drawn from previous breakout zones, reinforcing the reversal structure. Strong Fundamentals: INOX Green Energy operates in the green/renewable sector, aligned with India’s energy transformation goals. Strong order book, improving margins, and favorable policy tailwinds support long-term growth. Volume Confirmation: A breakout has occurred on increasing weekly volume, strengthening the case for a sustained rally.