INDUSTOWER trade ideas
Indus Towers - Descending Triangle Breakdown viewIndus Towers : (Little Risky)
Descending Triangle Breakout Possibility
Short below 238 with a SL 242
INDUSTOWERS LONGINDUSTOWER near support zone.
Entry around 242 to 244
Target 258 - 260
stop loss 238 (body breakout )
Trading Near Support levelCan be bought @ cmp 242
with small sl of below 240 clbs
For target of 260,270++
Can do 300. Might be boring move as momentum is not there yet.Stop loss looks strong, moment need to kick in.
Long industowerIndustower
CMP - 252
Stop - 230 on DCB
Expectation -
T1 - 330
T2 - 500, Review at 330
Expected Holding Period - 120 trading days or earlier for T1
View:- Positional
Disclaimer:-
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
INDUSTOWER bullish wait for breakout Possible breakout
I'm expecting an upside(symmetrical triangle)
bullish
market structure
BIG Trend reversal in InfratelThe stock went into consolidation phase from May 17th onward , the day when Nifty started 1000 points northward journey. After consolidating for nearly 15-20 days the stock gave price and volume BO in day chart. 5G trials have begin and telecom stocks will be in focus in months to come. This largest telecom tower company in the world should in focus.
SYMMETRICAL TRIANGLE SUPPORT | 25% UPSIDE POSITIONAL TRADEHi Friends and Fellow Traders,
Stock has broken out beautifully from the Weekly Downtrend
Strongly placed over an Area of Support
Consolidating in a Symmetrical Triangle
Price above 200 EMA in Daily (Which will act as second level of defense if Support Zone Fails)
In Hourly Timeframe : Forming a ascending Triangle
BUY on close above 250
Levels Marked on Charts.
HAPPY TRADING !!!!
INDUSTOWER Reversing from Support?INDUSTOWER was hovering around its old trendline support for the last few sessions and has finally given a decent upside move. Is it reversing from this support? Perhaps. Time to start building long position. Further longs can be added once we get a retracement followed by continuation.
INDUS TOWER - LONGINDUS TOWER looks good for the below reasons
(i) The Stock has recently formed double bottom
(ii) When it formed double bottom the RSI shifted above 40 levels which tells that sellers have exhausted and are not strong enough to push prices low
(iii) The stock has now given a breakout from the recent consolidation phase
All these factors show that the odds of stock moving higher is most likely to happen
News based - 5G Tower in trial and installationbase formation with upper line touch of box
need green volume for breakout
indicator say go for with but volume indicating wait for volume generation
Indus Towers - 5G Play, Long Term AccumulationAs per Dow Theory, Indus Towers has over the years formed a classic "Accumulation - Participation - Distribution" pattern which has since mid-2019 reset back into the Accumulation phase.
On the fundamental side, 5G Technology is expected to be one of the big plays in the coming years.
Indus Towers has also slowly but steadily been accumulating into forming a bullish pennant. It may take some positive news or event to push it towards a breakout, but sooner or later looks likely.
Indus Tower_14% upside from CMP of 260.75Date: 03 May 2021
Indus Tower (Bharti Infratel)
Ascending Triangle Pattern
