Indus Towers Ltd – Technical View

📊 Indus Towers Ltd – Technical View Timeframe: Daily The stock has faced multiple rejections from the Top-2 supply zone, indicating strong overhead resistance. Price is currently trading below the upper Bollinger Band and struggling to sustain above the recent breakout area, suggesting range-bound to cautious bias in the near term. The structure shows loss of momentum after a gradual up-move, with sellers becoming active near higher levels. Volume also remains selective, indicating lack of strong follow-through buying. 🔑 Key Levels Immediate Resistance: ₹455 – ₹460 Major Resistance: ₹480 – ₹500 Support Zone: ₹430 – ₹420 Lower Support: ₹400 – ₹380 📉 Outlook As long as the price stays below ₹460, upside may remain capped. A breakdown below ₹430 can open downside towards ₹400–₹380. Fresh strength only above ₹480 with strong volume confirmation. ⚠️ Educational purpose only. Not a buy/sell recommendation. — AALGO BREATHS