INOX WIND LTD Positional Analysis

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INOX WIND LTD Positional AnalysisINOX WIND LTDNSE:INOXWINDsiddhantsamaiyaLooks good for a 5th wave ride.. Structure: INOX Wind has completed waves 1, 2, and 3 (Elliott Wave count), now correcting in wave 4 near strong support (120–150INR zone). Volume: Significant accumulation seen during recent rally, with volume expansion confirming breakout strength. RSI: Currently at 42.91, indicating the stock is out of the overbought zone and resetting momentum for the next leg. Outlook: If support holds, wave 5 could target higher levels (500–600 zone). Invalidation: Breakdown below support could trigger further downside.