airtelThe chart you've shared is for **Indus Towers Ltd. (NSE)** on a daily time frame (1D). Let's break it down step by step:
### 1. **Price Action** 📉
The current price is **₹366.75**, down by **-8.60 (2.29%)** for the day, showing a bearish trend.
The price opened at **₹375.00**, reached a high of **₹378.40**, and a low of **₹364.35**.
### 2. Pattern🏔️
This pattern often signals that a downward trend may continue unless there’s strong support.
3. **Support Levels** 🔧
The green line labeled "can take support" is marked around "₹363.70, suggesting this could act as the "first support level.
A more critical support is marked at **₹355**, which is labeled as "major support"**. If the price drops further and breaks through ₹355, it may indicate a further fall in price.
4. **Volume Analysis** 🔍
The volume for the current day is **5.047M**, which seems relatively high. This increase in volume during a price drop could indicate strong selling pressure, confirming the bearish sentiment.
5. **Outlook** 🔮
If the price bounces off the₹355 support, there might be some consolidation or a small reversal. However, breaking below ₹355 could signal a continued downtrend.
**In summary**:
**Bearish signal** with the Head and Shoulders pattern 📉.
Watch the support levels: **₹363** and **₹355 (major)**.
A breakdown below **₹355** could lead to further declines.
no recommendation for the buy and sell
INDUSTOWER
INDUS TOWER LONG/BUYTrade Setup long in Indus Tower
1. Monthly/weekly/Daily TF Bullish
2. Consolidating near a Big Breakout area
3. Block Deal happened b/w 311-340 and low is tested already in 3rd 5 min Candle
4. 2 Bullish Hammers on 5 Min TF & SL is Slightly Big as it is a positional Trade
5. Marked blue is a strong Breakout Level
6. 325-320 is Strong CIP Level
7. Hence Went Long
8. Buy @335-340 SL-310 target 450-470
Fundamentally this company is strong and also the part of rural developing economy alongside, which will benefit India in coming years definitely
Indus Tower Ltd.*Indus Towers Ltd*
*W* Formation on Yearly Basis.
P&F on Monthly Basis.
Price BreakOut Needed & to be Sustained.
Multiple Resistance Marked.
Strong Vol Consolidation in past few months. Continued Traction required. To be Watched.
RSI: 1H <D<W=M. However, all in Bullish Zone but Hourly TF.
EMAs: Widening Gaps amongst 20/ 50/ 100/ 200 on Weekly TF.
Telecom Sector Picking Up. Rollout of 5G gaining pace.
Vodafone dues payoff will be a huge trigger for re-rating.
*Trail SL with Upside*
*Book Profit as per Risk Appetite*
*Do Your Own Research as well. This is an Opinion*
*_Happy Investing_* 🤓
Indus Tower Ltd.*Indus Towers Ltd*
*W* Formation on Yearly Basis.
P&F on Monthly Basis.
Price BreakOut Needed & to be Sustained.
Multiple Resistance Marked.
Strong Vol Consolidation in past few months. Continued Traction required. To be Watched.
RSI: 1H <D<W=M. However, all in Bullish Zone but Hourly TF.
EMAs: Widening Gaps amongst 20/ 50/ 100/ 200 on Weekly TF.
Telecom Sector Picking Up. Rollout of 5G gaining pace.
Vodafone dues payoff will be a huge trigger for re-rating.
*Trail SL with Upside*
*Book Profit as per Risk Appetite*
*Do Your Own Research as well. This is an Opinion*
*_Happy Investing_* 🤓
Industower has a breakout out resistanceIndustower has been moving higher after the rumours of telecom policy and finally after the actual policy decision major buying seen with high volumes. We now see a major resistance level breakout today, Buy with targets of 353,432 & 500.
Strong ability to service debt as the company has a low Debt to EBITDA ratio of 0.82 times
Healthy long term growth as Net Sales has grown by an annual rate of 27.65% and Operating profit at 34.04%
With a growth in Net Sales of 4.7%, the company declared Very Positive results in Jun 21
The company has declared positive results for the last 2 consecutive quartersNET SALES(Q) Highest at Rs 6,797.00 crPBDIT(Q) Highest at Rs 3,516.70 cr.PBT LESS OI(Q) Highest at Rs 1,820.10 cr.4
The technical trend has improved from Sideways on 14-Sep-21 and has generated 16.27% returns since then Multiple factors for the stock are Bullish like MACD, Bollinger Band
With its market cap of Rs 73,693 cr, it is the biggest company in the sector and constitutes 60.83% of the entire sector
Its annual Sales of Rs 19,115.90 are 54.63% of the industry.
Industower low debt exposure to telecom and largecap for comfort
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Keep An Eye - INDUSTOWER📊 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 next trading session just because stock was up by 8% into last trading session.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 271
🟢 Target 🎯🏆 - 289
⚠️ Stoploss ☠️🚫 - 263
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
£INFIBEAM 17 TGT 26 47% Buy Recommended - Rachit SethiaINFIBEAM 17.75
TARGET 26
SL 13
Return 47%
RR > 2
TF < 6 Months
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
INDUSTOWERS should be approaching INR240 soon_TRADE_SETUPThe stock broke out of a 3 week trading range on Thursday's session with satisfactory volume expansion.
Going by the Elliot wave structure, the stock is currently in wave III of(III) of 3(ignore the labeling if you don't follow Elliot wave theory).The current wave is projected to reach close to the INR 240 zone.
INR195-200 has been a resistance for the stock for past 3 and half months.
But with vol. picking up and range break-out just at the resistance the stock seems to be well-equipped for a strong breakout above INR 200 this time around.
On the downside INR 185 will be proving to be a crucial support for the stock.
CMP 193.8
Target 1- 213
Target 2- 240
SL - 185
Double Bottom Pattern Reversal in INDUSTOWERINDUST TOWER LTD
Key highlights: 💡⚡
📊On 1Day Time Frame Stock Showing Reversal of Double Bottom Pattern.
📊 It can give movement upto the Reversal target of Above 195+.
📊There have chances of Breakout of Resistance level too.
📊 After Breakout of Resistance level this stock can gives strong upside rally upto above 212+.
📊 Can Go Short in this stock by placing stop loss below 168- or last swing Low.
INDUSTOWER: Near Support INDUSTOWER trading near support line with triangle pattern. Good to keep watch for Bullish candle near support. R:R ratio is seems good here
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
First Learn and then remove "L" with small SL.