Stock is seen major rejection from 645 levels on 6-May-2024 and seen a steep correction to 553 levels and currently trading at 560 as on 8-May-2024.
First support levels are seen at 535-540 levels.. Although the company has announced Merger of INOX WIND ENERGY and INOX WIND shares and also 3:1 bonus on INOX WIND shares.. the stock may go up to 720 levels before the record date (18-May-2024) and can fall after this to the support levels again
can accumulate the stock at support levels
Overall the stock is in bullish trend since the company shown turn-around performance and have heavy order books
First support levels are seen at 535-540 levels.. Although the company has announced Merger of INOX WIND ENERGY and INOX WIND shares and also 3:1 bonus on INOX WIND shares.. the stock may go up to 720 levels before the record date (18-May-2024) and can fall after this to the support levels again
can accumulate the stock at support levels
Overall the stock is in bullish trend since the company shown turn-around performance and have heavy order books