Indus Tower about to give BO , may see 250 in short term (Volume pop out seen)
Volatility contraction seen
Buy above 225 only
** Educational purpose only**
Indus towers looking good in bear market too i am looking for a confirm breakout market is not allowing but i will do in some quantity for sure volumes also increased
NSE:INDUSTOWER
One Can Go long , with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close is good, and Clean.
R:R ratio is 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose.
Good earning opportunity in Swing Trade.
CMP: 208 ( Good between 206 - 212 )
SL: 195
Target: 235 | 269 | 323
( Targets calculated on the basis of Fib. and previous swings )
Disclaimer:
I am not a SEBI registered analyst. My studies are for educational purposes only. Please consult your financial advisor before trading or investing. I am here just to share...
Both stocks have proven to go upside
I love this type of setup when sellers try to push the market to downside but fail to do so
after that buyers defend the zone and after breaking the previous days high, we can use Inside candles or any method to get in trade lets beat the market together
Indus Tower has formed a triangle patter and price is currently at the support line.
It may breakout at upper side soon and ready for long position.
PS.- Please do your own analysis. This is only for educational purpose.
📈 Indus Tower 📉
This Stock Broke out from a resistance zone of 200-216 which was tested several times and today managed to close above it.
Bias - Long
Target - 237, 247, 260
SL - 200
RR- 1:2
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on...
Currently indus tower present very good qtr result, it's net profit increase by 16% stock may give upper side movement, good time to buy also Chart making rounding pattern, today's price may became bottom of rounding pattern, for long term it may generate return around 150 %, This is for education purpose only.
NSE:INDUSTOWER Indus towers making a big reverse from the support with a heavy bullish candle. Can buy at current levels. SL, TARGET are mentioned in the chart.
industower : cmp 212.95
trade setup :
1. buy up to 208
2. keeping 190 as stop loss on closing basis
3. for targets : 227 / 237 / 253 / 269 / 278 / 307 / 332+
technical setup:
1. triangle pattern formation
2. price trading at good value
3. its in weekly consolidation phase and side ways movement .
4. strong base support formation seen at 192 with multiple...
