#Bullish Momentum View.#INDUSTOWER Persisting near support zone and at downward trendline @138--140. If price holds this level & sustained above this level than We can see a good buying opportunity to buy near support level.
INDUSTOWER trade ideas
INDUS TOWERINDUS TOWER day chart where supports and resistance are drawn on the chart. Previous support now can act as a resistance for now
Indus Towers Ltd Trend AnalysisIndia's largest mobile tower installation company.
Its customers are Bharti Airtel, Vodafone Idea, Reliance Jio and BSNL.
Fundamentally sound with strong sales growth and good ROCE & ROE numbers.
Reduced net profit in recent quarters due to OPM hit and increased borrowings.
Promoters have increased shareholdings by buying from FIIs & DIIs.
Public shareholding is just 1.5%
Technically 2nd wave has completed and 3rd wave initiated, minimum target for the 3rd wave is 480 which is near its all time high.
Good to accumulate around current price levels for the following targets:
Short term swing target @ 220 (43.5% ROI from CMP)
Medium term swing target @ 350 (128% ROI from CMP)
Long term swing target @ 480 (213% ROI from CMP)
Will update long term positional target later as chart unfolds.
Above idea will be nullified if price goes below 120.
Do your own due diligence before taking any action.
Peace!!
Indus Towers: Its nearing its :
July 2013 Low of 127 &
Mar 2020 Low of 120
The business has the bad debts staring from Vodaphone Idea. Most likely it has to be written off.
Even with the JIO re negotiating the rates, it seems like a good annuity business.
Should Buy around 125 levels.
INDUS TOWERIndus tower breakdown it's strong support zone 182 and now it is trading below this level so now 182 level react as resistance zone I will short this stock when price comes to near resistance zone with small stop loses.
Short Term BuyBuying Range - 195 to 199
Target 1 - 220
Target 2 - 231
Target 3 - 245
Lot Size - 2800
Margin Requirement - 1.4 Lac (Zerodha)
Stop Loss- 182
Risk- 47600
Reward @ Target 1 - 58800
Reward @ Target 2 - 89600
Reward @ Target 3 - 128000
indus towerweak counter
likely to show a breakdown below 180
the counter is facing resistance on every upmove
it can witness a decent downmove
#shortsell candidate
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.
INDUS TOWERThis stock is trading near strong support zone this support zone is tested many time now if support zone is breaks down and below this level for some time then I expect a good fall in downside.other it can take support and will try to go up.
INDUS MAY Give Big Breakout .Check Chart , it is Self Explanatory .
Support Zone 185
Target - 200+
It is For Education purpose only ... Before investing do your self study .it is my Opinion only ..
INDUSTOWER: Bullish HaramiWe can buy if open around@186.5 with target @190 and SL@184
Disclaimer - This post is only for educational purpose only and do your own due diligence before trading or investment.
Indus Towers: Getting Squeezed by Mota BhaiZero Pricing Power and consolidation by large players.
Target 158 !!
Industower "Breakout Pick"Industower "Breakout Pick"
Indus tower has been spotted "W" Pattern structure on Daily time frame
"W" Pattern - Double Top and Double Bottom with an Average price action move - Selling Climax Zone
The double bottom pattern always occurs after a major or minor downtrend in a specific security and signals a reversal and the start of a potential uptrend.
Trade Ideas
Currently, Industower is in the range of Rs 203.30. If the pattern continues, the price of Industower might reach the resistance levels of Rs 235, If the trend reverses, then the price of Industower may fall to Rs 180
Accumulation Range 196-08 for Target 235
Happy Trading
Indus Tower - Good Dividend stock at support 183NSE:INDUSTOWER
Indus tower provide a good dividend of 5%.
But carefully check its fundamental.
Indus towers cypher pattern,Indus towers good for swing/ short term, cypher pattern complete,
buy if give consolidation break out (203 above) for Target of 219
**Little risky**
Indus Tower intraday levelThe stock is trading within a range from last 2 days
230 is breakout level on daily chart.
INDUSTOWER - Short-term uptrendINDUSTOWER - Short-term uptrend
1. It breaches the primary trend downwards, but now it breaks the brearish pattern upwards and forms the inverted head and shoulder pattern.
2. Short-term rally already started, the target is 260.
3. Fundamentally good stock to hold for the long term, but now it's on the downtrend so avoid it for the long term.
Note:
1. I’m not a SEBI Registered advisor, my research is personal and for educational purposes only.
2. Always check with your financial advisor and take the trade as per your risk/reward ratio.
3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
INDUSTOWER DARVAS BOXINDUSTOWER showing volume contracation pattern, seems like accumlation going on.
stock trading in range since more than 5 months, wait for this DARVAS box to be broken on closing basis.
If it breaks up side with green strong candle, can initial long trade with box low as SL(175 CLB).
Targets : 240,260,280,300+
I am not a SEBI registered analyst, consult your finanacial advisor, view for education purpose only.
-Saptarish trading.
