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...
Indus tower is in continuous downtrend and now, it is on a strong weekly demand zone.
A small pull back, at least can be expected from this level. Even for a continuation of bear trend, a lower high has to be made.
However, entry can be confirmed only when there is a small breakdown from the level and subsequent strong buying is done, i.e. a bear trap.
NSE:GRANULES
Stocks to keep on the radar for this week
1. Granules
2. Apollo tyers
3. Pvr
4. Indus tower
5. Bata india
6. Indigo
All stocks have a bearish bias and the analysis is explained in the video
This is only for educational purposes only.
Always trade with stop-loss.
I hope you found this idea helpful.
Please like and comment.
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Indus tower chart looking good to go long with given stoploss and target Fundamentals also strong
Disclaimer - all view are shared only as educational purposes
share name : Indus towers ltd
call type : positional
- we can see a double bottom. bullish engulfing candle on weekly and monthly time frame also.
- share is forming a bearish bat pattern with
descending triangle pattern
- on support area around 180 (a good
consolidation can be seen)
- approachable targets 230, 259 with sl of 175
thanks
Hey, check out the trade setup for Industower
All 3 parameters are matched for a short trade.
Trade setup in Futures
Short : 193.10
Stoploss : 201
Target : 170 and 163
Options Trade
Bear Spread
Buy 29Sep2022 195PE
Sell 29Sep2022 190PE
Max. Profit: ₹ +7,280
Max. Loss: ₹ -6,720
📈 Indus Tower 📉
This Stock Broke out from a resistance zone of 200-216 which was tested several times and today managed to close above it.
Bias - Long
Target - 237, 247, 260
SL - 200
RR- 1:2
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on...
NSE:INDUSTOWER Indus towers making a big reverse from the support with a heavy bullish candle. Can buy at current levels. SL, TARGET are mentioned in the chart.
