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INDUS TOWERS LIMITED

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INDUSTOWER trade ideas

Indus Towers Technical Analysis: Fibonacci Support and BreakoutThe chart of **Indus Towers Ltd.** using Fibonacci retracement levels, trendlines, and RSI (Relative Strength Index). Here's a detailed breakdown: ### Observations: #### 1. **Fibonacci Retracement Levels**: - Key levels drawn: **0.236 (₹426.50), 0.382 (₹405.25), 0.5 (₹388.05), 0.618 (₹370.85), and 0.786 (₹346.40)**. - The price has retraced significantly from the recent high and is hovering around the **0.786 retracement level (₹346.40)**, indicating a potential **support zone**. #### 2. **Trendline and Breakout**: - The chart shows a **downward trendline** connecting lower highs. - A breakout above this trendline is evident, followed by a **retest of the breakout zone**, aligning with the Fibonacci support around ₹346.40. #### 3. **Touches and Reversal Points**: - Multiple resistance touches (labeled "Touch") at the upper trendline before the breakout. - After the breakout, there was a retracement, suggesting a **possible higher low** if the price holds above the ₹346 level. #### 4. **RSI Indicator**: - The RSI (Relative Strength Index) is near **55.91**, which is neither overbought nor oversold, but it indicates **neutral to slightly bullish momentum**. - RSI is approaching the midline, suggesting potential upward momentum if it sustains above the 50 level. --- ### **Key Levels to Watch**: 1. **Support Zone**: - ₹346.40 (Fibonacci 0.786 level). - Below this, ₹315.20 (Fibonacci 1.0 level) acts as the next major support. 2. **Resistance Zone**: - ₹370.85 (Fibonacci 0.618 level) and ₹388.05 (Fibonacci 0.5 level) are immediate resistances. - Breaking above ₹388 could indicate a resumption of the bullish trend. --- ### **Conclusion**: - **Bullish Scenario**: If the price holds above ₹346 and breaks ₹370, it could rally to ₹388 or higher. - **Bearish Scenario**: A break below ₹346 might push the price towards ₹315 or lower. - Keep an eye on the RSI; a move above 60 could strengthen the bullish case. Would you like further insights or trading strategies based on this analysis?
NSE:INDUSTOWER
by AnkurDasTrader
INDUS TOWERDate 22.09.2024 Indus Tower Timeframe : Day chart Remarks : 1 Formed a strong support trendline since December 2023 which was re-tested by 4 times & had sharp bounce from there 2 On recent closing formed Inside Bar after long selling candle. 3 At RSI it is in Oversold region. 4 Trade set-up will be Inside bar, High-Low break 5 If breaks out the Inside Bar high then Target 1 = 61% of Fibonacci, Target 2 = 50% of Fibonacci & Target 3 = 50% of Consolidation zone 6 If breaks down then, it will break the cloud followed by Target 1 = 365 & then will approach support trendline, if breaks support trendline as then sell/short entry Target = 200 ema 7 Being at oversold & inside bar looks like will break upwards. Today's news which is mentioned below : (I) Vodafone Idea has concluded a mega $3.6 billion (Rs 300 billion) deal with Nokia, Ericsson and Samsung, for supply of network equipment over a period of three years (II) Vodafone Idea, holds a 21.5% stake in Indus Towers, India's largest mobile tower installation company (III) Government of India has stake in Vodafone Idea of 23.8% as of September 2024 Indus Towers Recent Performance : Profit Growth = 195.65 % ROE = 25.08 % ROCE = 34.91% Sales Qtr Rs = 7383 Cr PAT 12M Rs = 6614.20 Cr P/E = 15.48 Operating Margin = 60 % (approx) FII = 23 % (approx) DII = 17% (approx) Hence, quite decent company looking at business, clients, company's physical assets & cash flows. Regards, Ankur Singh
NSE:INDUSTOWER
by AnkurSingh
Industower - Few things happening hereIndustower is currently exhibiting a bearish trend with several concerning signals: a fake breakout, a bearish flag breakdown, and the formation of lower highs. Traders should be cautious as these indicators suggest a potential continuation of the downtrend. The fake breakout implies that the recent upward move lacked genuine strength, while the bearish flag breakdown reinforces the bearish sentiment. Additionally, the pattern of lower highs signals weakening bullish momentum. However, if the stock moves above 440, this bearish view could be invalidated, indicating a potential reversal or strengthening of the bullish trend. Monitoring these factors closely and adjusting strategies accordingly will be crucial.
NSE:INDUSTOWER
by TradePatternsLikePro
Indus Towers Ltd. -stock Analysis Indus Towers Ltd. is currently trading around ₹458.50. Over the past year, the stock has shown significant growth, with a 52-week range between ₹166.70 and ₹460.35. The company has been performing well, with a recent 196% increase in profit after tax (PAT) compared to the previous year, and a steady revenue growth of 1% year-over-year. The PE ratio stands at around 20.47, indicating a moderately high valuation. The stock has been gaining attention due to increasing foreign institutional holdings, which recently rose by 6.75%. Despite a decrease in promoter holdings, the overall market sentiment remains positive with a strong operational efficiency reflected in a 50.6% operating margin​ Disclaimer: I'm not a financial advisor, and this information shouldn't be taken as financial advice. Always perform your own research or consult with a professional before making investment decisions.
NSE:INDUSTOWERLong
by shivtoshiva2022
INDUSTOWER - Descending Triangle BO - MonthlyINDUSTOWER - Descending Triangle BO A descending triangle is a chart pattern used in technical analysis, often seen as a bearish signal. Name - INDUSTOWER Pattern - Descending triangle Timeframe - Monthly Status - Breakout with volume Cmp - 458 Target - T1- 482 and T2 -596 SL - 243 and TSL at 400 Fundamentals: Here are some key fundamental ratios and metrics for Indus Towers Ltd.: Market Cap: ₹1,179.84 Billion Current Price: ₹185.00 Price-to-Earnings (P/E) Ratio: 17.84 Price-to-Book (P/B) Ratio: 4.63 Return on Equity (ROE): 25.97% Net Profit Margin: 22.88% EBITDA Margin: 56.75% Debt-to-Equity Ratio: 0.248 Indus Towers has shown strong profitability with a high ROE and solid EBITDA margin. However, its P/B ratio suggests it might be relatively expensive compared to its book value.
NSE:INDUSTOWERLong
by VCharts_TA
Potential Breakout in INDUS TOWERS LTDINDUS TOWERS LTD appears to be in a strong position for a potential multi-year breakout. However, it's important to exercise caution and conduct thorough research before making any investment decisions. By combining technical analysis, fundamental analysis, and risk management strategies, you can make informed decisions about investing in this stock. Double Bottom Pattern: As previously identified, the double bottom pattern suggests a reversal from a downtrend. If the price successfully breaks above the neckline, it could signal a significant uptrend. Increasing Volume: The rising volume during the price decline is a positive sign, as it suggests growing interest and potential buying pressure. Technical Indicators: The oversold RSI and positive volume could be early indicators of a potential bullish trend. Industry Trends: The telecom tower industry has shown resilience and growth potential, which could benefit INDUS TOWERS LTD. Potential Targets and Stop-Loss Target: If the price successfully breaks out and sustains 500+ T1 - ₹550. and T2 - 600 Stop-Loss: 3% Disclaimer: While this analysis suggests a potential multi-year breakout, it's crucial to conduct thorough research and consider various factors before making any investment decisions. Always consult with a financial advisor.
NSE:INDUSTOWERLong
by supertraders_india
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. Don't Forget to Follow me to get all the updates. Please share your feedback or any queries on the study. Disclaimer: Please consult your financial advisor before making any investment decision.
NSE:INDUSTOWERLong
by raigvivek
2
Indus Towers Ltd - Breakout Setup, Move is ON...#INDUSTOWER trading above Resistance of 418 Next Resistance is at 615 Support is at 309 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:INDUSTOWERLong
by MandeepSinghKohli
This stock Can give you more than 400% Returns in next 2-3 YearsHello everyone, i hope you all will be doing good in your Trading and in your life as well. I have brought an Investment Stock, where you can park some money to grow in long term. In actually in stock market most of people they have made huge money by investing in Good stocks only. So this is kind of long term investing stock. This stock has good management. Indus Towers Limited is engaged in the business of object of, inter-alia, setting up, operating and maintaining wireless communication towers. The Company has a tower market share of 33% and tenancy market share of 42% which makes it leader in the telecom tower industry in India. The Long term growth story just has started because this qtr we have seen good result from Indus Tower, and this can be continue in future. So invest and forget and make money by just doing small investment. Market Cap ₹ 61,970 Cr. Current Price ₹ 230 High / Low ₹ 236 / 135 Stock P/E 11.1 Book Value ₹ 87.9 Dividend Yield 0.00 % ROCE 11.3 % ROE 9.71 % Face Value ₹ 10.0 Industry PE 39.1 Debt ₹ 20,704 Cr. EPS ₹ 20.7 Promoter holding 69.0 % Intrinsic Value ₹ 190 Pledged percentage 30.5 %(Negative) EVEBITDA 5.78 Change in Prom Hold 0.00 % Profit Var 5Yrs -3.97 % Sales growth 5Years 33.8 % Return over 5years -3.84 % Debt to equity 0.87 Net profit ₹ 5,582 Cr.(Excellent) ROE 5Yr 20.2 % Profit growth 104 %(Good) KEY POINTS Leadership Position The Co. has a tower market share of 33% and tenancy market share of 42% which makes it leader in the telecom tower industry in India. Pan-India Presence As on March 31, 2022 the company’s net tower portfolio stood at 185,447 and net co-locations grew to 335,791. The closing sharing factor stood at 1.81 times per tower. It is the first tower company to have a presence across all the 22 telecommunication circles. High Customer Concentration The company's customers are Bharti Airtel, Vodafone Idea, Reliance Jio and BSNL. The consolidation in the telecom industry has resulted in the exit of some players. The tenancy ratio for the company remains steady at 1.8 times Pre-Merger Details The company (Bharti Infratel) held 42% stake in Indus Towers Ltd before it merged with it. It had an economic interest in ~97,000 towers before the merger. Merger with Indus Towers Bharti Infratel merged with Indus Towers on 19th November 2020. As per the scheme, the company issued ~76 crore equity shares to the various entities of Vodafone Group and ~8.7 crore equity shares to P5 Asia Holding Investments Ltd aggregating to 28% and 3% respectively in the post-issue share capital of the company. The equity capital of the company increased from ₹1850 crores to 2695 crores post the merger Vodafone Idea Ltd received cash consideration of ~3,760 crores for its 11.15% stake in Indus Towers as it was elected/ decided by the same. The name of the company was changed to Indus Towers Limited as per the scheme of amalgamation. Change in Shareholding Pattern Vodafone Plc sold 7.1% of its stake in Indus Towers for a total consideration of ~Rs. 3,831 Crores. Out of this, 4.7% was acquired by Bharti Airtel for a consideration of Rs. 2,388 Crores while the remaining 2.4% was sold to other investors. As a result of these transactions, Vodafone Plc’s holding has decreased from ~28% to 21%, and Bharti Airtel’s holding has increased from ~42% to ~46%. Focus The Co. will focus on diversifying into new areas like FTTH (Fiber To The Home), Active Maintenance, and Fiber Maintenance. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:INDUSTOWERLong
by TraderRahulPal
3