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INDUSTOWER trade ideas

DESCENDING TRIANGLE IN INDUS TOWER ( ANALYSIS OF INDUS TOWER)A descending triangle is a bearish chart pattern used in technical analysis that is created by drawing one trend line that connects a series of lower highs and a second horizontal trend line that connects a series of lows. Oftentimes, traders watch for a move below the lower support trend line because it suggests that the downward momentum is building and a breakdown is imminent. Once the breakdown occurs, traders enter into short positions and aggressively help push the price of the asset even lower How to Trade a Descending Triangle Most traders look to initiate a short position following a high volume breakdown from lower trend line support in a descending triangle chart pattern. In general, the price target for the chart pattern is equal to the entry price minus the vertical height between the two trend lines at the time of the breakdown. The upper trend line resistance also serves as a stop-loss level for traders to limit their potential losses. KEY TAKEAWAYS 1. A descending triangle is a signal for traders to take a short position to accelerate a breakdown. 2. A descending triangle is detectable by drawing trend lines for the highs and lows on a chart. 3. A descending triangle is the counterpart of an ascending triangle , which is another trend line based chart pattern used by technical analysts.
NSE:INDUSTOWER
by capitalsmack
Weekly positional view of INDUSTOWER(BHARTI INFRATEL)The weekly chart structure of INDUSTOWER is looking great backed by heavy volume based buying for a upside potential of 15-20% plus in the days to come as long as it sustains above 260 on weekly closing basis. The first hurdle, it has to face at the zone around 285-300. Above 300 it will intensify its momentum gradually to the target range given on the chart. Disclaimer: The idea shared is for educational purpose only, not a trading recommendation.
NSE:INDUSTOWERLong
by OptionBreakout
[Positional] Industower Swing Buy BetNote - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is mostly the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives. =======
NSE:INDUSTOWERLong
by Amit_Ghosh