INOX LEISURE (BSE: 532706)

Short-term/Mid-term Sentiment: Bullish

From technical chart pattern, INOX looks bullish and tends to start a new fresh uptrend. The reasons are

• In July, price has made support line near Rs 62- Rs 65 and trying to move higher by making higher highs and higher lows
• Price is trading above EMA (50) and EMA (20) which indicates mid-term trend is up
• This stock chart looks smooth without having noises or big spikes

If you think this stock won’t go further down, then this is a good time to buy at near Rs. 90- Rs.95 with Stop/Loss just below Rs 80 and target 1 at Rs. 120, target2 at Rs. 140 and target3 at Rs. 155/160.