Indus Towers Ltd – Technical Outlook

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.