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INDUSTOWER trade ideas

INDUSTOWER Turning Bullish after 2017 Double TopHello Traders, Let's delve into an analysis of INDUSTOWER today. In 2017, the stock exhibited a Double Top pattern, resulting in a significant bearish turn and a substantial drop from approximately 470 levels to 145 as of April 2023. However, a positive turn occurred when a Double Bottom formed at 145 levels in April 2023 (refer to the chart). Subsequently, the stock underwent a consolidation phase, leading to the development of Higher Highs and Lower Lows. Notably, from the 145 levels, the stock has yielded an impressive 80% return to date. The encouraging news is that technically, the stock shaped a Descending Triangle pattern since 2017. This week, a robust breakout occurred, complemented by a breakthrough of its previous resistance, marked by a bullish candle on the weekly chart and substantial volume confirmation. In essence, we can confidently affirm "BANG ON with Multiple Confirmations." This signals a distinct bullish trend in the stock, presenting an opportune moment for entry with proper Risk Management. If it maintains levels between 230-250, I strongly believe it could easily ascend to 330 levels within a few weeks. That's the gist of it, folks. If you find merit in this idea, your support would be greatly appreciated. Share your thoughts on INDUSTOWER in the comments below. Happy Trading. All the best!!
NSE:INDUSTOWER
by AravindStocks_Telugu
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 If you like the idea, like & subscribe
NSE:INDUSTOWERLong
by Mukadam
2
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!🥂
NSE:INDUSTOWERLong
by radha_23
📶 Stock Alert: Indus Towers Ltd 🏗️ for 330,480. 📶 Stock Alert: Indus Towers Ltd 🏗️ 💼 Buying Range: Rs. 230-240 🎯 Targets: 💰 Short-term: Rs. 330 🚀 Mid-term: Rs. 480 🌟 Long-term: Above Rs. 480 (Lifetime Breakout!) 📊 Investment Highlights: 📈 Horizontal & trendline breakout ✅ 📈 Supported by good volume 📊 🔄 Retesting support levels 🚨 Disclaimer: Investing involves risks. Conduct thorough research and consult a financial advisor. Past performance doesn't guarantee future results. Invest wisely. 💼💡 #IndusTowers #StockMarket #InvestmentOpportunity
NSE:INDUSTOWERLong
by chartbook_by_vs
INDUSTOWER- Analysis Entry above 206 Safe entry above 217 Expected Major Targets - 232 or 297 Expected minor Targets - 206 , 216 (profit booking level), 229 Stop loss levels - Closing below - 185 or 175 or 165 Please do your due diligence before trading or investment. *Comment or message me if you wish to see my analysis for any stocks. **Disclaimer -  I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk. Thank you.
NSE:INDUSTOWER
by PrashantTaralkar
11