Recent Technical Trend and Indicator Overview
The technical trend for Inox Wind has notably turned bearish, signalling increased selling pressure and a cautious outlook from market participants. The Moving Average Convergence Divergence (MACD) indicator, a widely used momentum tool, confirms this stance with a bearish reading on the weekly chart and a mildly bearish tone on the monthly timeframe. This suggests that short-term momentum is weakening, while longer-term momentum remains subdued but not decisively negative.
The Relative Strength Index (RSI), which measures the speed and change of price movements, currently shows no clear signal on both weekly and monthly charts. This neutrality indicates that the stock is neither overbought nor oversold, leaving room for fu...
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