INDUS TOWER - LONG
INDUS TOWER looks good for the below reasons
(i) The Stock has recently formed double bottom
(ii) When it formed double bottom the RSI shifted above 40 levels which tells that sellers have exhausted and are not strong enough to push prices low
(iii) The stock has now given a breakout from the recent consolidation phase
All these factors show that the odds of stock moving higher is most likely to happen
(i) The Stock has recently formed double bottom
(ii) When it formed double bottom the RSI shifted above 40 levels which tells that sellers have exhausted and are not strong enough to push prices low
(iii) The stock has now given a breakout from the recent consolidation phase
All these factors show that the odds of stock moving higher is most likely to happen
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