Indus tower chart looking good for longIndus tower chart looking good to go long with given stoploss and target Fundamentals also strong
Disclaimer - all view are shared only as educational purposes
INDUSTOWER trade ideas
Bullish Sharkindus tower is at PRZ of bullish Shark pattern
entry 155.75 stop loss 150.95
Target. .160.65. 165.75
Time Frame 1 H
short term holding
for education purpose only
INDUSTOWERINDUSTOWER
buy possibility with
Entry at current price
SL below 162
As seen on chart
ShortTerm View - PA to observer
Indus Towers - Turnaround playThe stock nears its all time low..but now things could be changing here..
The govt has converted part of its dues into equity in Vodafone..paving the way for the promoters to pump money in + raise money in Vodafone.
They will have to now clear the dues of Indus Towers and also start spending for their 5G rollout too..
Expect things to start moving here..Won't surprise me if all 3 players reach a pact to share infrastructure in the future either to reduce capex. The telecom sector could soon become a massive cashcow..
Long at CMP..i wouldn't sell this stock unless it makes a new low below 125.
Indus Tower may go further down till 140 SL 210 As per XABCD pattern, Indus Tower may go further down till 140 SL 210 within two weeks
INDUS TOWER - WHAT TO DO?
Right now, it is sitting at demand zone-181-184
Do trade on support basis or trendline breakout
Donot trade on horizontal breakout ... mostly fake out { why?-- because big players buying from support or bottom so after breakout they dumped hard, sometime not}
SL- very small 3-4%
Target- 1st-201-204, 2nd- gapp area 214-218
My 90% swing trade are based on either horizontal support or trendline support
Indus towers go longIt makes good pattern and stable now for go long.
It shows strong moment above 200 level.
add to watchlist Indus Tower is trading in a support area . If the price moves up and breaks 205, the stock has a possibility of going higher . Or if the stock breaks the 170 level, it has a possibility of reaching the next support level .
INDUS TOWER - LONG
INDUS TOWER - Has retested today. Already cleared important levels last week. Expecting some fire works on upside. Strict SL below 199 weekly candle close
IndusTowersLooks good after a good breakout from the trendline. Can look to initiate long trade around <200 with SL at 190. Near accumulation zone on weekly and breaking resistances on the daily TF. Long-term with targets taken as Fibonacci levels that are marked with a blue line.
INDUS TOWERshare name : Indus towers ltd
call type : positional
- we can see a double bottom. bullish engulfing candle on weekly and monthly time frame also.
- share is forming a bearish bat pattern with
descending triangle pattern
- on support area around 180 (a good
consolidation can be seen)
- approachable targets 230, 259 with sl of 175
thanks
SELLING IN INDUS TOWERIndus Tower is forming SMC BOS and CHoch after liquidity we can expect selling pressure.
If the price break the upper level than this formation is not considerable.
Indus tower Ltd, Upward channel formationDownward channel ended over where I have shown buying zone.the stock price will travel in upward channel , the every dip will be a buying oprtunity, Investment plan explained over chart, it's for educational purpose ...
INDUS TOWER LONGIndus Tower is one of the flagship company for providing telecom network to licensed telecom operators Indus Tower is JV between Bharti Airtel Group and Vodafone Idea Group. Company has delivered
1. Company has made compounded sales growth of 35% in last five years.
2. Company has made compounded profit growth of 21% in last five years.
3. Company has generated return on equity of 22% in last five years.
4. Company is having positive cash flow from operating activities since last five years. Hence, company is cash cow for his investors.
5. Currently, share is traded around INR 200 which is the median point with PE Ratio of 11.48 which is quite affordable.
Current share price of INR 200 is exact at median on linear regression line on weekly time frame. Any one can buy with longer period of horizon. 52Week low is at INR 182. One can see share price up to 250 in near future.
Industower "Breakout PickIndustower "Breakout Pick"
Indus tower has been spotted "W" Pattern structure on Daily time frame
"W" Pattern - Double Top and Double Bottom with an Average price action move - Selling Climax Zone
The double bottom pattern always occurs after a major or minor downtrend in a specific security and signals a reversal and the start of a potential uptrend.
Trade Ideas
Currently, Industower is in the range of Rs 203.30. If the pattern continues, the price of Industower might reach the resistance levels of Rs 235, If the trend reverses, then the price of Industower may fall to Rs 180
Accumulation Range 196-08 for Target 235
Happy Trading
INDUS TOWER BREAKOUTIndus Tower looking good on weekly chart gives a breakout on falling resistance trendline and gives a breakout on RSI indicator resistance too so we can see bullishness in coming sessions with good targets.
CAUSE OF LONG-:
1- FALLING TRENDLINE BREAKOUT.
2- RSI INDICATOR BREAKOUT.
#Industower cash : Looks good above 200.10#IndusTower cash -Positional call
17 Nov 2022
Looks good above 200.10
Stoploss 192
Target 208-210/218
Cmp 196.55
Why am I bearish on IndusTowerHey, check out the trade setup for Industower
All 3 parameters are matched for a short trade.
Trade setup in Futures
Short : 193.10
Stoploss : 201
Target : 170 and 163
Options Trade
Bear Spread
Buy 29Sep2022 195PE
Sell 29Sep2022 190PE
Max. Profit: ₹ +7,280
Max. Loss: ₹ -6,720
INDUSTOWERS STOCK CE-BUYRSI support in 40 1day candles chart pattern and weekly candles chart pattern
