INDUSTOWER - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 3.4

Here’s a tactical breakdown of Indus Towers Ltd (INDUSTOWER) based on its current chart structure and momentum signals

📊 Trend Overview

Trading at ₹391, the stock is below the 50-DMA ₹398 but above the 200-DMA ₹372, indicating a sideways bias with mild weakness.

It’s roughly 15% off its 52-week high ₹461, with a strong index score of 52.6%, suggesting decent relative strength.

The recent price behavior shows stalling near key moving averages, hinting at possible short-term consolidation.

🧭 Trend Status: Consolidating, mildly tilted toward reversal unless buyers defend ₹385.

📉 Momentum Indicators

RSI (41.4): Low-neutral zone → suggests momentum is softening; not oversold yet.

MACD (-2.65): Bearish crossover is active → negative divergence, slowing momentum.

Volume (~38.3L) vs 1Wk Avg (~40.9L): Slightly below average → confirms lack of strong participation.

📈 Bollinger Bands Insight

Likely hugging the mid or lower band, supporting mild bearishness.

No squeeze pattern → volatility remains moderate but susceptible to directional swing.

🧭 Support & Resistance Levels

Zone Type Price Zone (₹) Technical Significance

Support 385 – 390 Recent base near trendline and psychological floor

Resistance 405 – 410 50-DMA and swing rejection zone

Breakout Zone 420+ Bullish breakout only above recent ceiling

🎯 Trade Setup

Entry: ₹386–₹392 (tactical zone near support cluster)

Exit: ₹405–₹410 (range-bound upside potential)

Stop Loss: ₹379 (below structural support to avoid breakdown risk)

📌 Conclusion

INDUSTOWER is in a cooling phase, with consolidation signals building below 50-DMA.

RSI and MACD aren’t calling for strong moves yet → wait for RSI > 50 and MACD reversal before initiating large positions.

A close above ₹420 backed by volume surge would confirm trend renewal toward ₹440–₹450.

Want to stack this setup against Bharti Airtel or Reliance Infra to test sector-wide strength in telecom infrastructure? I’m tuned in 📶📈

Edit in a page