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
INDUSTOWER trade ideas
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.
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INDUSTOWERNSE:INDUSTOWER
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