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INDUSTOWER

INDUSTOWER - Support line and Bullish EngulfingThe 324 level, which previously acted as a strong resistance since 2019, is now serving as a solid support, as indicated by the price holding above the orange trendline. On the daily timeframe, the price has successfully broken out of the triangle pattern. Additionally, the previous week's bullish engulfing candle on the weekly timeframe further supports the bullish bias. This setup presents a favorable swing trade opportunity, with a target of ₹500 and a stop-loss placed below ₹310 on a weekly closing basis.
NSE:INDUSTOWERLong
by Breakout_Spotter
Indus Towers Technical Analysis: Fibonacci Support and BreakoutThe chart of **Indus Towers Ltd.** using Fibonacci retracement levels, trendlines, and RSI (Relative Strength Index). Here's a detailed breakdown: ### Observations: #### 1. **Fibonacci Retracement Levels**: - Key levels drawn: **0.236 (₹426.50), 0.382 (₹405.25), 0.5 (₹388.05), 0.618 (₹370.85), and 0.786 (₹346.40)**. - The price has retraced significantly from the recent high and is hovering around the **0.786 retracement level (₹346.40)**, indicating a potential **support zone**. #### 2. **Trendline and Breakout**: - The chart shows a **downward trendline** connecting lower highs. - A breakout above this trendline is evident, followed by a **retest of the breakout zone**, aligning with the Fibonacci support around ₹346.40. #### 3. **Touches and Reversal Points**: - Multiple resistance touches (labeled "Touch") at the upper trendline before the breakout. - After the breakout, there was a retracement, suggesting a **possible higher low** if the price holds above the ₹346 level. #### 4. **RSI Indicator**: - The RSI (Relative Strength Index) is near **55.91**, which is neither overbought nor oversold, but it indicates **neutral to slightly bullish momentum**. - RSI is approaching the midline, suggesting potential upward momentum if it sustains above the 50 level. --- ### **Key Levels to Watch**: 1. **Support Zone**: - ₹346.40 (Fibonacci 0.786 level). - Below this, ₹315.20 (Fibonacci 1.0 level) acts as the next major support. 2. **Resistance Zone**: - ₹370.85 (Fibonacci 0.618 level) and ₹388.05 (Fibonacci 0.5 level) are immediate resistances. - Breaking above ₹388 could indicate a resumption of the bullish trend. --- ### **Conclusion**: - **Bullish Scenario**: If the price holds above ₹346 and breaks ₹370, it could rally to ₹388 or higher. - **Bearish Scenario**: A break below ₹346 might push the price towards ₹315 or lower. - Keep an eye on the RSI; a move above 60 could strengthen the bullish case. Would you like further insights or trading strategies based on this analysis?
NSE:INDUSTOWER
by AnkurDasTrader
Industower - Few things happening hereIndustower is currently exhibiting a bearish trend with several concerning signals: a fake breakout, a bearish flag breakdown, and the formation of lower highs. Traders should be cautious as these indicators suggest a potential continuation of the downtrend. The fake breakout implies that the recent upward move lacked genuine strength, while the bearish flag breakdown reinforces the bearish sentiment. Additionally, the pattern of lower highs signals weakening bullish momentum. However, if the stock moves above 440, this bearish view could be invalidated, indicating a potential reversal or strengthening of the bullish trend. Monitoring these factors closely and adjusting strategies accordingly will be crucial.
NSE:INDUSTOWER
by TradePatternsLikePro
INDUSTOWER - Descending Triangle BO - MonthlyINDUSTOWER - Descending Triangle BO A descending triangle is a chart pattern used in technical analysis, often seen as a bearish signal. Name - INDUSTOWER Pattern - Descending triangle Timeframe - Monthly Status - Breakout with volume Cmp - 458 Target - T1- 482 and T2 -596 SL - 243 and TSL at 400 Fundamentals: Here are some key fundamental ratios and metrics for Indus Towers Ltd.: Market Cap: ₹1,179.84 Billion Current Price: ₹185.00 Price-to-Earnings (P/E) Ratio: 17.84 Price-to-Book (P/B) Ratio: 4.63 Return on Equity (ROE): 25.97% Net Profit Margin: 22.88% EBITDA Margin: 56.75% Debt-to-Equity Ratio: 0.248 Indus Towers has shown strong profitability with a high ROE and solid EBITDA margin. However, its P/B ratio suggests it might be relatively expensive compared to its book value.
NSE:INDUSTOWERLong
by VCharts_TA
Indus Towers Ltd - Breakout Setup, Move is ON...#INDUSTOWER trading above Resistance of 418 Next Resistance is at 615 Support is at 309 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:INDUSTOWERLong
by MandeepSinghKohli
IndusTower looking good to BOOM💥; 40% swingAdd this to watchlist and wait for entry.👁️‍🗨️ 2024-2025 For short term investment ; Leave a " Like If you agree ".👍 . Wait for small retracement & daily candle to close above - "340". Avoid Trade untill PROPER ENTRY level. . Entry: 340 target: 400- 420- 478 sl: 315 major stoploss/ support: 290 . . Enter only if market Retrace and Breaks "Yellow box" mentioned. . . Don't make complicated trade set-up.📈📉 Keep it " simple, focus on consistency "💹 Refer our old ideas for accuracy rate🧑‍💻 Follow for daily updates👍 . Refer our old ideas attached below for Backtesting
NSE:INDUSTOWERLong
by TheNuraTrading
Indus Towers Flag and Pole Pattern Breakout Above 365Details:Asset: Indus Towers Limited (INDUSTOWER)Breakout Level: Above 365Potential Target: Significant upside momentum expectedStop Loss: Below breakout level or as per risk toleranceTimeframe: Short to medium-termRationale: Indus Towers Limited (INDUSTOWER) has broken out from a flag and pole pattern, and is now sustaining above the 365 level. This breakout suggests a potential bullish sentiment shift, paving the way for a significant upmove.Market Analysis:Technical Breakout: The breakout from the flag and pole pattern and sustaining above 365 indicates strong bullish momentum, likely attracting more buyers.Market Sentiment: Positive market sentiment or company-specific catalysts may be supporting the breakout and the potential for further price appreciation.Potential Target:The potential upside target is not specified but is expected to be significant given the nature of the flag and pole pattern breakout.Risk Management:Implementing a stop loss strategy below the breakout level is essential to manage risk in case of unexpected price reversals.Timeframe:The projected move for INDUSTOWER is based on a short to medium-term outlook, but actual timing may vary based on market dynamics.Risk-Reward Ratio: Consider individual risk tolerance and adjust position size accordingly to maintain a favorable risk-reward ratio.As with any investment opportunity, conduct thorough analysis and consider factors such as market trends, company fundamentals, and risk management strategies before making trading decisions.
NSE:INDUSTOWERLong
by CyborgTradingHub
Keep An Eye - INDUSTOWER📊 Script: INDUSTOWER 📊 Sector: Telecomm Equipment & Infra Services 📊 Industry: Transmission Line Towers / Equipment Breakout on Daily Chart Key highlights: 💡⚡ 📈 Script is trading at upper band of BB and giving breakout of it. 📈 MACD and Double Moving Averages are on urge of crossover . 📈 Right now RSI is around 65. 📈 We may see some profit booking into next trading session just because stock was up by 8% into last trading session. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 271 🟢 Target 🎯🏆 - 289 ⚠️ Stoploss ☠️🚫 - 263 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:INDUSTOWERLong
by radha_23
Indus Towers Analysis(Double Bottom)!!INDUS TOWERS WEEKLY ANALYSIS Indus Towers has made double bottom at Support Level on Weekly Timeframe Indus Towers is trading near it's 82 Week resistance trendline Keep an eye on Indus Towers Indus towers is trading at it's crucial levels. We can see the price is taking resistance at 82 Weeks resistance Trendline. Now Indus Towers made has Double Bottom Patter at it's support level. If Indus Towers succeeds to break 82 Week trendline then we can see the further bull move towards our projected Target. I did all my analysis on the chart. Please do study it thoroughly, do your all the analysis, explore all the trading platforms, Compare the analysis because no one is 100% accurate but we will have a broader view of trend if we do study all the analysis and explore all the available platforms. Trading Psychology and Setup= Entry = Aggressive Entry after Resistance Trendline Breakout, Conservative entry after candle closes above 174.65 after retest Target = Projected Target will be 234.35 Stop Loss = Below 165.15 Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4)Don't trade with full capital
NSE:INDUSTOWERLong
by Avinash9087
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