INDUSTOWER - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.9

Here’s a detailed technical analysis of Indus Towers Ltd (INDUSTOWER)

📊 Trend Overview

Phase: Consolidating with mild bullish bias

Price Action: Trading slightly below both 50-DMA (₹358) and 200-DMA (₹364), indicating indecision and lack of strong directional momentum.

Volume: Below average (56.8L vs 79.1L), suggesting reduced participation and a wait-and-watch sentiment.

📈 Momentum Indicators

RSI (53.0): Neutral zone — no strong momentum, indicating sideways movement.

MACD (0.07): Barely positive — signals weak bullish momentum, but not yet a confirmed trend.

Bollinger Bands: Price likely near the middle band, consistent with consolidation and low volatility.

🧭 Chart Patterns

Sideways Channel: Price oscillating between ₹340–₹370, forming a horizontal range.

Trendline Support: Holding above ₹313, which has acted as a strong base multiple times.

🔍 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 340 Minor pullback zone

Support 2 313 52-week low, long-term support

Resistance 1 358 50-DMA, short-term ceiling

Resistance 2 364 200-DMA, trend reversal trigger

Major Resistance 390–431 Breakdown zone and 52-week high

🎯 Entry & Exit Zones

Optimal Entry: ₹340–₹354 (on dips with volume confirmation)

Short-Term Target: ₹364–₹390

Exit Zone / Stop-Loss: ₹313 (below key support)

🔄 Short-Term Outlook

Momentum: Weak but stabilizing

Bias: Neutral-to-bullish above ₹340; cautious below ₹313

Phase: Consolidating — awaiting breakout confirmation

🧠 Key Takeaways

INDUSTOWER is in a technical pause, hovering near key moving averages with neutral indicators.

RSI and MACD suggest indecision, while price action near support zones hints at potential upward breakout.

A close above ₹364 with volume could trigger a move toward ₹390–₹431.

Let me know if you’d like a chart visualization or screener of similar telecom infrastructure stocks showing consolidation setups.

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