short term trading opportunity in Indus Tower for > 15% upsideHi,
NSE:INDUSTOWER has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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Industowerstrendanalysis
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.
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.
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