INDUSTOWER - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 4.1

📈 INDUSTOWER is trending upward with bullish momentum and strong technical support, though volume contraction and resistance near highs warrant caution.

📊 Technical Analysis

• Trend Status: Trending — price is above both 50-DMA and 200-DMA, confirming bullish alignment.
• Moving Averages: Price ₹383 is above 50-DMA (₹358) and 200-DMA (₹362), indicating sustained upward momentum.
• RSI (53.3): Neutral to bullish zone, suggesting steady momentum with room to rise.
• MACD (5.38): Strong bullish crossover, reinforcing upward momentum.
• Bollinger Bands: Price near upper band, signaling strength but also short-term resistance.
• Volume: Current volume (70.2L) is significantly below weekly average (133.1L), showing reduced participation during the rally.

🎯 Entry & Exit Zones

• Support Levels: ₹370, ₹358 (50-DMA), ₹340
• Resistance Levels: ₹400, ₹415, ₹430 (52-week high)
• Optimal Entry: ₹370–₹375 (on pullback)
• Exit Target: ₹415–₹430 (resistance zone)

✅ Positive

• Strong ROCE (29.0%) and ROE (32.4%) reflect excellent capital efficiency.
• EPS of ₹34.7 and low P/E of 11.0 suggest attractive valuation.
• MACD crossover and price above key moving averages confirm bullish momentum.
• PEG ratio of 0.68 indicates undervaluation relative to growth.

⚠️ Limitation

• Volume below average, suggesting weak conviction behind recent price move.
• Dividend yield is 0%, offering no passive income.
• Price nearing resistance zone around ₹430, which may cap short-term upside.

📉 Company Negative News

• FII holdings declined by 1.30%, indicating reduced foreign investor interest.
• Quarterly profit variation of -17.4% reflects margin pressure.

📈 Company Positive News

• Quarterly PAT increased from ₹1,734 Cr to ₹1,837 Cr, showing earnings growth.
• DII holdings increased by 0.08%, showing cautious domestic accumulation.

🏭 Industry

• Telecom infrastructure sector remains vital with rising data consumption and 5G rollout.
• Industry P/E (16.9) is higher than INDUSTOWER’s (11.0), suggesting relative undervaluation.

🧾 Conclusion

• INDUSTOWER is trending upward with strong technical indicators and attractive valuation.
• Entry near ₹370–₹375 could offer a favorable setup with targets around ₹415–₹430.
• Investors should monitor volume and RSI for signs of breakout strength or exhaustion.