Date - 5th April 2024
Time - 11:15 Am
As We can see, Indus Tower one of good movers in recent time and gave breakout on weekly and Monthly TF.
Little late to post this idea but still Indus Tower is showing good movement on daily basis even when nifty is moderate.
Actual good entry was at 250 Rs . when its retest blue line shown in chart but still, I am...
The chart is self-explanatory and shared for educational purposes.
1. Indus Tower Stock: The stock of Indus Towers Limited is being discussed.
2. Technical Indicators:
o Moving Average: The stock is trading above its moving average.
o Trendline Support: It has support from a trendline.
o Breakout: There has been a breakout, indicating potential upward...
INDUS TOWER LOOKING BULLISH, THERE IS MULTI YEAR TREND LINE BREAK AND FORMATION OF HH AND HL FORMED, IN SHORT TERM IT MAY REACH AROUND 340 THEN 450 LEVELS.
HH = Higher High
HL = Higher Low
LH = Lower High
LL = Lower Low
This is for educational purpose only, do your own analysis before investing and try not to invest more than 5% of your capital.
The stock has been forming a cup and handle pattern and has will reach 328 levels very soon upon which it can give a mamoth breakout , lately there has been good accumlation of volumes in the stock which shows good signs . the fundamentals are also great and gets better every quarter every year
TARGET 1 -328 WITHIN 1 OR 2 WEEKS
TARGET 2 - 485
TARGET 3 - 820
This is stock showing very strong performance, quarterly performance also keeps going Evitda also working well quarterly by quarterly, no doubt there is stock can be multi bigger like Zomato from this stage.
There are two possible formations possible in this stock..
Both formations and trading plan mentioned in charts.
I plan to add on retest and hold it lil longer
Daily and weekly timeframe volume build up is considerably good.
8 year old trend line successful breakout with conformed retest.
Wait for recent high breakout with conformation.
Note: I do my analysis, do your before trade.
📊 Script: INDUSTOWER
📊 Sector: Telecomm Equipment & Infra Services
📊 Industry: Transmission Line Towers / Equipment
Breakout on Daily Chart
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving breakout of it.
📈 MACD and Double Moving Averages are on urge of crossover .
📈 Right now RSI is around 65.
📈 We may see some profit booking into...
TF-3M
Closing above 335. It may blast.
Volume candle near Trendline
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Above 276 (TF-1W)
Rounding Bottom formation.
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Best for Investing purpose.
Levels-Given on chart
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I am not a SEBI Registered. This analysis is purely for educational purposes only.
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