Indus Towers consolidates near ₹382 under resistance

Ltd. closed the week at ₹381.90 and remains locked in a broad consolidation after the earlier advance. The latest candle is small and sits near the middle of the recent ₹370–₹405 trading zone, showing neither a decisive breakdown nor a fresh upside breakout. The longer-term rise from 2023 is still visible, but the stock has lost momentum since the March high and has been unable to sustain above the ₹400 area. The weekly Ichimoku structure explains the hesitation. The Tenkan-sen is around ₹374, offering nearby support, while the Kijun-sen is near ₹402 and acts as the first meaningful resistance. Price is trading close to the lower portion of the cloud, with the cloud stretching roughly from ₹388 to ₹413. That makes the ₹388–₹402 range an important supply zone before any larger trend recovery can develop. ₹374–₹382 is the support band to monitor. A weekly close below ₹374 can pull the stock towards ₹360. On the upside, reclaiming ₹388 is the first step, followed by ₹402. Tenant additions, tower-sharing trends and network-expansion spending remain key operational drivers for Indus Towers.