MCAP : 8672 CR
TTM NP: 508 cr
Trailing PE : 17.1x
The new results woulsd be in the region of 105 cr, pushing the ttm Net Profits to 506cr and PE to 16.2. The channel set up since Mar 2021, is very attrractive. The cup like formation is even more convincing.
Much better play among the Infra companies like KNR or GR Infra.
DAILY SWING CALL //Wednesday 09th of June 2021 // NSE:INDUSTOWER
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 257.4
TARGET: 296+ (15% Around)
STOP...
This stock it has break a down trendline with good RSI strength and with Huge volume addition.
For a weekly setup we well see move towards 240 and there is a possibilities that this will take halt at 240 level and break this level will see good up move.
Weekly resistance breakout with good volume.
Fake Hanging Man candlestick pattern appeared on a daily chart (Retail Trap)
One can take long position with a short-term target of 273.35 & 288.60. The profit potential is 18%. Maintain a strict stop loss of 236.20 on a daily closing basis.
NSE:INFRATEL
I hope you can now see how INFRATEL represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that...
![INFRATEL: Infratel Reversal at PoC of Volume Profile [SWING TRADE]](https://s3.tradingview.com/l/leAQu3AA_mid.png "Infratel Reversal at PoC of Volume Profile [SWING TRADE]")
