INOX India – Technical Analysis, Support and Resistance

The stock

is showing a strong bullish trend on the daily chart with a clear pattern of higher highs and higher lows. The stock has moved sharply higher from the 1400–1500 zone and is currently trading near ₹2295. The recent price action remains positive. Support: The immediate support zone is around ₹2200–₹2150 where the stock can find buying interest on any pullback. Below this, ₹2000–₹1950 is an important support zone based on the previous consolidation area. Resistance: The stock is currently approaching the ₹2300–₹2350 zone which is the immediate resistance area near recent highs. A sustained close above this zone with strong volume could indicate further strength while rejection may lead to short-term consolidation. Short-Term View: For short-term buyers the trend remains positive, but the stock is trading close to its recent high so chasing a sharp move may carry higher risk. A breakout above the recent high or a healthy pullback toward support can provide better technical confirmation.