INDUS TOWERS LTD .. Positional Bullish for short term pick ( 1 week ..) hourly chart seen bullish trendline as well as resistance breakout recently,
Last trading session bullish hammer candle at support level also seen , HAMMER CANDLE is indication of strong support level Where stock does not want to fall further.
RSI seen at 60 bullish level.
1 week...
A Triple bottom (encircled in the chart) can be seen on the weekly chart of Reliance Inds. RSI shows good momentum in the stock. MACD giving bullish signs. I would recommend a LONG swing on Reliance Inds.
Target 1: 2140
Target 2: 2194
Target 3: 2320 (A long jump is expected after crossing target 2)
Stop Loss: 1927
Note: Trail your stop loss to avoid losing...
