Indus tower near a strong demand zone
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.
Note
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,
Note
172.95!The stock is forming higher low, higher high now.
Note
Stock moving towards ATH. Already 2.5x returns done!
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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.