INDUSTOWER weekly setup, Swing trade.
Context:
After a strong upmove towards 480, the stock has seen a healthy pullback and is now consolidating near the 420 demand zone. This zone has acted as a strong support multiple times in the past, indicating accumulation. The structure still remains bullish with higher highs & higher lows intact. Current price action suggests a pause rather than reversal.
Setup:
Buy Zone: 420–425 (on dip) or breakout above 440
Targets: 460 / 475
Stop Loss: 410 (closing basis)
Key Insight:
Pullback looks corrective, not impulsive
Volume drying near support → possible supply exhaustion
Break above 440 can trigger momentum continuation
Plan:
Wait for either support confirmation (rejection candle) or range breakout with volume before entering.
Disclaimer:
This is for educational purposes only. Manage risk properly.
Context:
After a strong upmove towards 480, the stock has seen a healthy pullback and is now consolidating near the 420 demand zone. This zone has acted as a strong support multiple times in the past, indicating accumulation. The structure still remains bullish with higher highs & higher lows intact. Current price action suggests a pause rather than reversal.
Setup:
Buy Zone: 420–425 (on dip) or breakout above 440
Targets: 460 / 475
Stop Loss: 410 (closing basis)
Key Insight:
Pullback looks corrective, not impulsive
Volume drying near support → possible supply exhaustion
Break above 440 can trigger momentum continuation
Plan:
Wait for either support confirmation (rejection candle) or range breakout with volume before entering.
Disclaimer:
This is for educational purposes only. Manage risk properly.
Trade active
Trade started... Going well From 420 to 438
Trade closed: stop reached
Stop loss hit.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.