This stock has posted good Q3 results and increase in growth and profit. Expected to grow in near future. In Technical view its traveling in Channel Pattern, once the above trend line breaks , we can expect a good move until 290++ to 300
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...
There is a huge accumulation observed within this pattern. I suppose this is likely to breakout on the upside. If it breaks out the ride is gonna be massive & fun filling. This is a value buy for long term investors with a good Dividend yield. Short Term traders can jump in only when it break out in this weekly timeframe. Hope this hepls... Happy trading :)
As per the chart and price history, IndusInd is breathing before a take off from 900-800 range. Price prediction and chart path for information. Let us see and hope for the best.