INDUS 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.
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...
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
Indus towers looking good in bear market too i am looking for a confirm breakout market is not allowing but i will do in some quantity for sure volumes also increased
📈 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...
Indus 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),...
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 :)
INDUSTOWER 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...
