INDUS TOWERS LTD: Inverted H&S Pattern
Text book type example of Inverted H&S pattern
Breakouts the Neckline with huge surge in volume
Levels mentioned on chart & given target seems achievable.
Plan your trade accordingly.
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’,trade at your own risk.
"Trade what you see, Not what You Think"
Happy Trading(:)
the stock has creating beautiful price action facing tuff resistance on 200 level
keep an eye if close a strong candle above resistance zone it good swing trade
In the daily chart of INDUSTOWER, after retracing off a demand zone below 150 in early 2023, we saw a new higher high formation in Oct 2023 which confirms an end to the previous downtrend.
The Volume profile also calls out 165 as a crucial support level and also notice the latest up move has shown massive amount of interest of buyers so levels to watch out:
A...
📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Rising Broadning Pattern
📌 Symbol/Asset: INDUSTOWER
🔍 Description: Stock is around the support. We can see good bounce from here.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research,...
indus tower is good for swing trading stock at support level Q2 profit is 49% revenue declined 10% so the price is corrected now at trend line is good to buy ,weight for the price to close above 168-170 rs and then buy.if the price crossed below the trend line it goes down target 195-200rs stop loss 156rs
NSE: INDUSTOWER is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 11% gain on...
📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Rising channel
📌 Symbol/Asset: INDUSTOWER
🔍 Description: Stock is going up in a rising channel. and there is a small support also. If small support breaks then we will see big support.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one...
This analysis will delve into the technical aspects of INDUSTOWER's weekly chart, focusing on the recent breakout of a falling trendline, ongoing retest, and the support observed in the Relative Strength Index (RSI). Additionally, a potential trade opportunity will be explored based on these technical signals.
Chart Analysis:
Analyzing the TradingView chart of...
