Indus tower near a strong demand zone
Updated
Indus tower is in continuous downtrend and now, it is on a strong weekly demand zone.
A small pull back, at least can be expected from this level. Even for a continuation of bear trend, a lower high has to be made.
However, entry can be confirmed only when there is a small breakdown from the level and subsequent strong buying is done, i.e. a bear trap.
A small pull back, at least can be expected from this level. Even for a continuation of bear trend, a lower high has to be made.
However, entry can be confirmed only when there is a small breakdown from the level and subsequent strong buying is done, i.e. a bear trap.
Comment
148 from 136 already.Trade active
160 from 136!Just the type of move which happens from a strong support after consolidation.
Trail SL to cost if entered. Stock should move upto 176 before facing a strong rejection,
Comment
172.95!The stock is forming higher low, higher high now.
Comment
Stock moving towards ATH. Already 2.5x returns done!
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