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INDUS TOWERS LTD

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INDUSTOWER trade ideas

INDUS TOWER: Market Structure ShiftIn 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 possible entry could be at a retracement till 175, keeping strict SL near 160 (below latest HL) and targets will be follow up supply zones near 200 and 220. This idea is based on the concept of market structure purely, any suggestions welcomed. Not Financial Advice.
NSE:INDUSTOWERLong
by UnknownUnicorn21160479
📈 Exciting Bullish Pattern Alert! 🐂📈 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, consulting with a financial advisor, and managing your risks appropriately.
NSE:INDUSTOWERLong
by FiveCircles
INDUSTOWER - Bullish Consolidation with VolumesNSE: 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 deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NSE:INDUSTOWERLong
by BrahmaBull31
📈 Exciting Bullish Pattern Alert! 🐂 📈 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 piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
NSE:INDUSTOWERLong
by FiveCircles
INDUSTOWER: Breakout and RetestThis 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 INDUSTOWER provides insights into the stock's current technical conditions and potential price movements. Breakout and Retest of Falling Trendline: The weekly chart reveals that INDUSTOWER achieved a significant breakout from a falling trendline approximately 5 weeks ago. Such a breakout could signal a potential reversal of the previous bearish trend. Subsequently, the stock is currently undergoing a retest of this breakout level. A successful retest could confirm the newfound support and lead to renewed upward momentum. RSI Support: The RSI indicator on the weekly chart indicates that there is a weak level of support. This support suggests that the recent price action is finding some backing within the market sentiment. Although weak, this support could indicate that the stock is not oversold and may have room for potential upside. Trade Opportunity: Based on the analysis conducted above, a potential trade opportunity may be forming for INDUSTOWER. Traders could consider entering a long position at the current market price (CMP) of ₹160.5. In order to manage risk, it is advisable to set a stop loss (SL) at ₹149. The first target for this trade is set at ₹182, which represents a reasonable intermediate target. If the stock's price movement continues to align with the identified breakout and support levels, the second target of ₹206 could offer further potential gains. Conclusion: The technical analysis of INDUSTOWER's weekly chart suggests the possibility of a bullish scenario. The breakout of the falling trendline, ongoing retest, and the observed RSI support are all contributing factors. Traders may contemplate initiating a long position at the CMP of ₹160.5, with a SL at ₹149, while aiming for targets of ₹182 and ₹206. As with any trading decision, it's recommended to exercise caution, perform thorough research, and consider seeking advice from a financial advisor. Additionally, implementing effective risk management strategies is essential to ensure prudent trading decisions.
NSE:INDUSTOWERLong
by yaashul