The short-term outlook is bullish for Inox Wind. The stock had surged over 5 per cent on Wednesday and has closed on a strong note. This rise has taken the share price well above the key resistance level of ₹170. It also gives an early sign of a trend reversal. The region between ₹168 and ₹160 is a strong support now.

Inox Wind share price can rise to ₹210 in the next few weeks. Intermediate resistance is at ₹194. A break above it can clear the way for a rise to ₹210. Traders can go long now at ₹176. Accumulate on dips at ₹170. Keep the stop-loss at ₹157.

Trail the stop-loss up to ₹185 as soon as the stock goes up to ₹192. Move the stop-loss further up to ₹195 when the price touches ₹200. Exit the long positions at ₹205.

Note: The recommendations are based on technical analysis. There is risk of loss in trading