Industower "Breakout Pick

Industower "Breakout Pick"

Indus tower has been spotted "W" Pattern structure on Daily time frame

"W" Pattern - Double Top and Double Bottom with an Average price action move - Selling Climax Zone

The double bottom pattern always occurs after a major or minor downtrend in a specific security and signals a reversal and the start of a potential uptrend.

Trade Ideas

Currently, Industower is in the range of Rs 203.30. If the pattern continues, the price of Industower might reach the resistance levels of Rs 235, If the trend reverses, then the price of Industower may fall to Rs 180

Accumulation Range 196-08 for Target 235

Happy Trading


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