INDUSTOWER trade ideas
Analysis on demand of Subscriber | #1 | IndusTowersA weekly supportive level with a daily trend line that too supportive if both broken downwards cant give u good momentum unless a big gap down takes places with follow-up selling on it making it a gap down power candle (RED). Well, we can't see that happening here + it also has good resistance on the upper = it needs a big (green) candle power one with volumes above average to make it bullish for the future too. Thus a side way momentum is generated in such cases.
I would have a neutral approach on this stock unless any one things of the 2 mentioned above happen.
I hope u like what I see and help u people in any way...
Happy trading :)
INDUSTOWER SYMMETRICAL TRIANGLE The stock has formed lower high and lower lows resulted in a symmertical triangle pattern and now the stock breakdown so we can expect some fall in upcoming days
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Investment/Trading in the securities market is subject to market risk, We are not responsible for your profit or loss
Trend-Line break for Bharti Infra telExp on chart
👆🚩 looking similar pattern on BhandhanBank and Infy as well🚩
Industower trade analysisIndustower stock given breakout on 20-Nov-2020 , breaks 230-240 price range breakout. After that again around 5-6 month on range bound, in correction phase.
Now again we can see a good upside movement. Stock have a good support zone near 231 and Weekly demand zone 223-213.
Indus TowersIndus Towers is India’s largest mobile tower installation company. In India, 3 out of every 5 calls made are through an Indus site. Visit our website to know more.
INDUSTOWER symmetrical triangle The stock has been consolidating for more than a month (formation of the symmetrical triangle) wait for the breakout and take trade according to that
Note: Please consult your financial advisor,
Investment/Trading in the securities market is subject to market risk, We are not responsible for your profit or loss
INDUSTOWER | Triangle breakout can give us 10% short termINDUSTOWER | Triangle breakout can give us 10% short term
CMP : 256 (Dip : 248)
Stoploss : 240
Target : 280,290
Indus towers making plans to take on its bull run.With breaking its 50-period moving average on 17th November 2020 which is on a recovery time after the covid crisis, Indus towers have shown very good resistance since then. If the market resists during the second or third wave (called by some), this stock is truly a long-term pick.
Given its quarterly results, they've shown consistent profits since the beginning of the financial year 2020-21. Their fourth quarterly result is yet to be released
Indus Towers on verge a starting a new Bull RallyAll observation on chart.
Below is the short term view for Entry
Looking at the overall structure, Current levels are tempting to buy and hold for Big returns.
Big BombTargets 285,295,300+
Sl 237
Not meant for any tip or call.
Just a record for my observations
Short Term View for Target 268-270Industower trading at 247 , earlier 247-250 was a resistance for the stock, now it will act as a support + It has support of the Trend line as well ...so, we have it at two important support-((Buy at 245-247 for a Target of ₹268-270
With Stop Loss at 238)) {{Risk/Reward=1:3}}
