Indus Towers Ltd – Technical View
Timeframe: Daily
The stock has faced multiple rejections from the Top-2 supply zone, indicating strong overhead resistance. Price is currently trading below the upper Bollinger Band and struggling to sustain above the recent breakout area, suggesting range-bound to cautious bias in the near term.
The structure shows loss of momentum after a gradual up-move, with sellers becoming active near higher levels. Volume also remains selective, indicating lack of strong follow-through buying.
🔑 Key Levels
Immediate Resistance: ₹455 – ₹460
Major Resistance: ₹480 – ₹500
Support Zone: ₹430 – ₹420
Lower Support: ₹400 – ₹380
📉 Outlook
As long as the price stays below ₹460, upside may remain capped.
A breakdown below ₹430 can open downside towards ₹400–₹380.
Fresh strength only above ₹480 with strong volume confirmation.
⚠️ Educational purpose only. Not a buy/sell recommendation.
— AALGO BREATHS