NSE INOXGREEN – Wave (C) Rally Set to Ignite
NSE INOXGREEN has formed a corrective structure on the daily timeframe chart. The price has recently broken above the resistance of the 50/100/200 EMA cluster. The ATR stands at 5.65, while the ADX at 16.95 indicates low trend strength with a possibility of consolidation or a gradual trend development rather than a sharp directional move.
According to the wave count, the price has completed Wave C of corrective Wave (B) at 142.55, marking the end of the corrective phase. If the price manages to sustain above the 160 breakout level, it would confirm the start of Wave (C) and open the path for higher levels. Traders can then look for upside targets at 172 – 186 – 207+. This setup is valid until it violates the low of wave (B) at 142.5.
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kya ye possible h ki nifty 21000 tak girsake?
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Nice! INOXGREEN is indeed a multibagger. I am holding from the IPO price.