FourSTechnicalAnalysis

SYMMETRICAL TRIANGLE SUPPORT | 25% UPSIDE POSITIONAL TRADE

Long
NSE:INDUSTOWER   INDUS TOWERS LTD
Hi Friends and Fellow Traders,


Stock has broken out beautifully from the Weekly Downtrend
Strongly placed over an Area of Support
Consolidating in a Symmetrical Triangle
Price above 200 EMA in Daily (Which will act as second level of defense if Support Zone Fails)

In Hourly Timeframe : Forming a ascending Triangle

BUY on close above 250

Levels Marked on Charts.

HAPPY TRADING !!!!

Trade active: Tested the lower side of the triangle and showing buying momentum now
Trade active: Again a strong rejection from the upper side of the triangle... Sharp recovery and good buying momentum seen from lower levels of the triangle....
Trade active: WoW. Test of Time and Patience !

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