25th April 2025 / 9:40 AM
Why INDUSTOWER??
1. Stock was reached its near ATH level but not able to hold the levels in Sep 2024. From this point to today it seems like bullishness is getting weaker.
2. Wave Theory is saying Correction Wave ABC is ongoing and C is likely Started.
3. In support of more Correction from here FVG is visible in 1D TF and price are rejected from that level too.
4. Expecting correction from here in 5 Wave Structure towards downside.
Expected Targets and SL are mentioned in Chart
Note: This is Medium to Long Term View
Why INDUSTOWER??
1. Stock was reached its near ATH level but not able to hold the levels in Sep 2024. From this point to today it seems like bullishness is getting weaker.
2. Wave Theory is saying Correction Wave ABC is ongoing and C is likely Started.
3. In support of more Correction from here FVG is visible in 1D TF and price are rejected from that level too.
4. Expecting correction from here in 5 Wave Structure towards downside.
Expected Targets and SL are mentioned in Chart
Note: This is Medium to Long Term View
Trade active
Gets Liquidity at 412 413 Rs range which is lower band of FVG.Yet No Major Breakdown just price rejection is happening.
Nearest Breakdown will be below 403 Rs.
Note
403 Rs Breakdown ‼️Entered another prev. Gap.
Note
Gap Down Today ‼️Likely 3rd Wave of Correction Wave (C) 🤞
In 3rd Wave Gaps are runaway gaps which are not filled immediately.
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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.
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.