Get started
INDUS TOWERS LTDINDUS TOWERS LTDINDUS TOWERS LTD

INDUS TOWERS LTD

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals Options

INDUSTOWER trade ideas

INDUSTOWER - Support line and Bullish EngulfingThe 324 level, which previously acted as a strong resistance since 2019, is now serving as a solid support, as indicated by the price holding above the orange trendline. On the daily timeframe, the price has successfully broken out of the triangle pattern. Additionally, the previous week's bullish engulfing candle on the weekly timeframe further supports the bullish bias. This setup presents a favorable swing trade opportunity, with a target of ₹500 and a stop-loss placed below ₹310 on a weekly closing basis.
NSE:INDUSTOWERLong
by Breakout_Spotter
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