Averoy_Apoorv_Analysis

Analysis on demand of Subscriber | #1 | IndusTowers

NSE:INDUSTOWER   INDUS TOWERS LTD
A weekly supportive level with a daily trend line that too supportive if both broken downwards cant give u good momentum unless a big gap down takes places with follow-up selling on it making it a gap down power candle (RED). Well, we can't see that happening here + it also has good resistance on the upper = it needs a big (green) candle power one with volumes above average to make it bullish for the future too. Thus a side way momentum is generated in such cases.
I would have a neutral approach on this stock unless any one things of the 2 mentioned above happen.
I hope u like what I see and help u people in any way...
Happy trading :)

TELEGRAM link ( More charts and alerts of all stocks ) - t.me/hashtaghammer
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.