INDUSTOWERNSE:INDUSTOWER
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INDUSTOWER trade ideas
Indus Towers Consolidating Near Monthly Resistance ZoneHello Traders. My View for NSE:INDUSTOWER is Bullish. The price is trading in a range and has been forming Bullish Flag Pattern near Monthly Resistance Zone. Once the flag pattern breakout is given then one can buy the stock above the resistance for short and mid term trade. Targets are given in the chart.
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INDUSTOWER LONGFor Intraday Trade above 273.9 | SL-271.4 (see 15 min candle)
Tgt1-275.45
Tgt2-278
Tgt3-279.2
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For Swing Trade Long above 274 | SL-268 (For 2-3 months)
Tgt1-275.45
Tgt2-279.2
Tgt3-289.3
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Do Your Own Research on Company fundamentals to get a good idea and its future potential.
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Industower long setup Industower seems to be at crucial level and have high probability of reversal from the current level based on historical price action, fibo-retracements and trendline.
Suggestions for entry:
> wait for high volume rejection from the level.
> entry point should be the OHLC4 of this candle
> Stoploss should be below the low of this candle or below trendline
> Targets 280 and 350
Good luck to all the traders!!
INDUSTOWER On consolidation after good volumeINDUSTOWER Weekly chart is presenting a potential entry as it is consolidating after good volume. Breakout from this consolidation range (marked in the chart) will be ideal time to add more. If and when the price moves up to test the previous ATH (All Time High), good profit can be booked.