Weekly Chart Analysis on

INDUSTOWER

Last week,

Indus Towers witnessed a consistent decline; however, on Friday, the stock showed strong recovery momentum, offsetting much of the earlier weakness. For the week, the stock opened at ₹338.60, made a low of ₹320.50, touched a high of ₹342.10, and finally closed at ₹337.00, reflecting resilience at lower levels. On the daily chart, the stock is currently facing a minor hurdle near the ₹340 zone, which is acting as an immediate resistance. Price action suggests that the stock has likely entered a correction and consolidation phase, where dips are attracting buying interest. The ₹320 level is emerging as a strong support zone, and as long as the stock sustains above this, the structure looks constructive. In the short term, if the momentum continues and the stock manages to hold above support, it could move towards the ₹355–₹360 levels. Summary Indus Towers is currently showing bearish technical signals with weak price action, negative MACD, and RSI below neutral. Short-term bias remains negative until it reclaims 355–365. Traders: Should be cautious; dips below 320 could invite further selling. Investors: May wait for clarity above 370 for a medium-term bullish confirmation.