Indus Towers: Range Resolution → Trend Resumption Setup 📡📈

Indus Towers has spent ~18 months (mid-2024 to early-2026) in a well-defined rectangular consolidation between roughly: Support: ₹320–330 Resistance: ₹455–460 This is classic post-impulse digestion, not distribution: Volatility contracted Mean reversion inside the box No lower lows → demand intact The recent weekly close above ₹455 is the first real acceptance attempt above supply. 🔹 Price Action Read Breakout came after a higher low near ₹360–370 Last few candles show tight-bodied, upward drift → controlled demand No rejection wick from resistance yet → supply thinning What you’re seeing is range expansion probability increasing, not exhaustion. 🔹 Measured Move Logic The box height is ~₹135–145. Adding that to the breakout zone: Range target: ₹590–610 (Perfectly matching the projection shown on your chart) This also lines up with: Prior breakdown zone from 2022 Psychological ₹600 area 🔹 Trend Context Primary trend from 2023 lows is still up The rectangle is best classified as a bullish continuation structure This looks like Wave (4) consolidation, with Wave (5) now attempting to play out Wave (5)s are usually: Slower than Wave (3) Still directional Often respect breakout retests 🔹 Levels That Matter Immediate support: ₹445–455 (must hold on weekly closing basis) Range mid support: ₹400–410 Invalidation: Weekly close back below ₹430 (would signal false breakout / more time correction)