INOXINDIA

Breakout

well the stock is obviously in a very good momentum and there is a positive crossover of short and long-term moving averages but at the same time it is forming a sideways trend continuation pattern between the range of 20.40 to 18.00. Once 20.40 is taken out, it may resume uptrend but unless that is not taken out, we may see further consolidation. Yes, buy on dips is recommended.