Support and Resistance part 2The support and resistance (S&R) are specific price points on a chart expected to attract the maximum amount of either buying or selling. The support price is a price at which one can expect more buyers than sellers. Likewise, the resistance price is a price at which one can expect more sellers than buyers.
Fundamenta
INDUS TOWERS LTDAs of May 2, 2025, the key intraday support and resistance levels for Indus Towers Ltd (NSE: INDUSTOWER) are as follows:
Immediate Support Levels:
₹341.47
₹336.37
₹331.27
₹323.02
Immediate Resistance Levels:
₹374.48
₹366.23
₹361.13
₹356.03
These levels are derived from technical analysis and are subject to change based on market conditions.
Adani Green Energy Ltd As of April 29, 2025, here are the key weekly support and resistance levels for **Adani Green Energy Ltd based on recent technical analyses:
📈 Weekly Support and Resistance Levels
| Type | Level | Value (₹) |
|------------|--------|-----------|
| Resistance 1 (R1) | 991.77 | ₹991.77 |
| Resistance 2 (R2)| 1,040.48 | ₹1,040.48 |
| Resistance 3 (R3) | 1,066.17 | ₹1,066.17 |
| Support 1 (S1) | 917.37 | ₹917.37 |
| Support 2 (S2) | 891.68 | ₹891.68 |
| Support 3 (S3) | 842.97 | ₹842.97 |
These levels are derived from recent technical analyses and can serve as potential reversal or breakout zones for the stock.
📊 Additional Technical Indicators
Relative Strength Index (RSI): The RSI is 42.48, indicating that the stock is in the neutral territory, suggesting neither overbought nor oversold conditions.
- Moving Averages:
- 5-Day EMA: ₹825.40
- 50-Day EMA: ₹973.00
- 200-Day EMA: ₹1,335.50
- Current Price: ₹919.15
The stock is trading below its 50-day and 200-day exponential moving averages (EMAs), suggesting a short-term bearish trend.
⚠️ Important Notes
- Market Conditions: The stock has experienced significant volatility, with a 52-week high of ₹1,753.17 and a low of ₹455.37. The recent price decline of 19.92% over the past month indicates increased market uncertainty. )
- **Trading Restrictions**: Please be aware of any trading restrictions or circuit limits that may apply to the stock.
Please note that these levels and indicators are based on historical data and technical analysis, and actual market conditions may vary. It's advisable to conduct further research or consult with a financial advisor before making investment decisions.
Explanation of RSIThe Relative Strength Index (RSI) is a momentum indicator used in technical analysis to assess the speed and magnitude of price changes. It helps traders identify potential overbought and oversold conditions in a financial instrument, suggesting when an asset might be nearing a trend reversal. RSI values range from 0 to 100, with readings below 30 often indicating oversold conditions and readings above 70 suggesting overbought conditions.