INDUS TOWER LOOKING BULLISHINDUS TOWER LOOKING BULLISH, THERE IS MULTI YEAR TREND LINE BREAK AND FORMATION OF HH AND HL FORMED, IN SHORT TERM IT MAY REACH AROUND 340 THEN 450 LEVELS.
HH = Higher High
HL = Higher Low
LH = Lower High
LL = Lower Low
This is for educational purpose only, do your own analysis before investing and try not to invest more than 5% of your capital.
Industowers
INDUS TOWERS - Swing Trade - 20th February #stocksINDUS TOWERS (1D TF) - Swing Trade Analysis given on 20th Feb, 2024
Pattern: RECTANGLE BOX
- Volume buildup at Resistance - Done ✓
- Resistance Breakout - In Progress
- Retest & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #INDUSTOWERS #stockmarket #sharemarket #viral #sharemarketindia #StockMarketindia
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
INDUS TOWERS - 100% RETURNS!!!BUY - INDUS TOWERS LTD
CMP - Rs. 142
Target - 1: Rs. 211
Target - 2: Rs. 254
Target - 3: Rs. 285
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Technicals - 1) Bullish Shark Harmonic Pattern indicating upward momentum.
2) Potential targets or take profit points have been highlighted using Fibonacci Retracement.
3) The stock is at support.
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INDUS TOWERshare 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
Indus Tower Chart Analysis !!📈 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 it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
opportunity for long term investment in INDUS TOWERSIndus Towers Limited is formed by the merger of Bharti Infratel Limited and Indus Towers. This combined strength makes Indus one of the largest telecom tower companies in the world. Indus Towers Limited has over 183,462 towers and a nationwide presence covering all 22 telecom circles. Indus’ leading customers are Bharti Airtel (together with Bharti Hexacom), Vodafone Idea Limited and Reliance Jio Infocomm Limited, which are the leading wireless telecommunications service providers in India by revenue.
FUNDAMENTAL ANALYSIS-
1. company is profitable and upgrading in their revenue year by year.
2. increase in revenue ,EBITA , PBT , EPS and can see a increase in free cash flow.
3. great dividend yield (6.84% )
3. as we can see how telecom and data sector is growing, this stock is going to grow with that sector. company working model is base of this sector plus tie ups are with sector leaders.
negative points about company-
1.their is pledging in promotors holdings.
2.dept to equity increases this year ( now -0.44 )
TECHNICAL ANALYSIS-
1. on monthly chart downtrend is broken by strong bullish candle with volume.
2. on weekly time frame after breakout slightly retested and pullback is observed.
3. on daily time frame, stock is creating volatility for couple of days going to break on either side ( down or up)
4. recommended to accumulate stock as chances are more to break upside once it closes around 298 to 300 range on daily time frame stock is going to show upside move.
this study is for education purpose only.
Indus Towers - Bullish viewThere 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 :)
INDUSTOWERINDUSTOWER is trading currently at it daily and weekly support.
It is giving a buy opportunity at 220 levels as 200 DEMA is also showing a buying trend and weekly trend line has shown a support wherein stock has made a bullish candle last week.
Buy @220 levels for the target of 260 and then 300+
Disclaimer: This is just for the educational purpose and initiate trade by discussing this with your personal financial advisor.