Indus Towers Ltd – Technical Outlook
(Educational Purpose Only)
Price Structure:
The stock is trading in a steady uptrend and has given a strong bullish breakout candle above recent consolidation near ₹420 with volume expansion.
Trend & Pattern:
Higher highs and higher lows structure intact. Price is holding above the 20-EMA and moving towards the upper Bollinger Band, indicating trend continuation.
Indicators:
• RSI above 60, showing strong bullish momentum
• MACD positive and rising, confirming trend strength
• Bollinger Bands expanding upward, supporting breakout move
• Volume spike confirms institutional participation
Key Levels:
Support: ₹415 / ₹400
Buy on Dips: ₹415–₹420
Resistance: ₹445 / ₹460
Targets: ₹450 – ₹470
Stop Loss: ₹398 (closing basis)
Bias:
Bullish continuation. Trend remains positive as long as the stock sustains above ₹415.
⚠️ For educational purposes only. Not investment advice.
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