Symmetrical Triangle Breakout: INOX WIND LTD (INOXWIND)

INOX WIND LTD is showing strong bullish momentum. The price is above key moving averages, and the RSI is in a bullish zone. The MACD is also indicating a bullish trend. Additionally, the chart is forming a symmetrical triangle pattern, which could lead to a significant breakout.

A potential target can be determined based on the measured move from the symmetrical triangle. A stop-loss can be placed below the recent swing low.

Moving Averages: The 20-day and 50-day exponential moving averages are both above the price, suggesting a bullish trend.
RSI: The RSI is currently above 50, indicating a bullish trend. However, it is approaching the overbought zone, which could suggest a potential short-term pullback.
MACD: The MACD line is above the signal line, indicating a bullish trend.
Volume: The volume has been increasing during the uptrend, which is a positive