500% rally in 3 years! Multibagger Inox Group stock is Anand Rathi’s pick of the month, 11% upside eyed; Do you own?
Inox Wind Share Price Trend: Multibagger Inox Wind has emerged as domestic brokerage Anand Rathi’s pick of the month. The stock has gained 18 per cent over the last year, hitting a 52-week low of ₹124.35 on June 5 and a 52-week high of ₹262.10 on September 23 last year.
On a monthly scale, the stock is up 4 per cent this month after an 8 per cent gain in March.
After a long consolidation, finally Inox Wind has managed to confirm a breakout above 177 mark.
▪ There is a strong base of double bottom formation around 140 zone.
▪ Price action is supported with a major range shift in daily RSI.
▪ Thus, we advise traders to buy the stock between 179 – 175 with a stop loss of 166 for upside target of 199.
