INDUSTOWER 🚀 Indus Towers – Bullish Breakout in Progress!
📍 Current Scenario: Indus Towers is showing signs of a potential breakout after testing the ₹335-345 entry zone, supported by increasing buying interest and volume confirmation.
1st Target: ₹356.35 2nd Target: ₹370.85 Final Target: ₹382.30 Stop Loss: ₹316.55 (below the strong support zone).
💡 Technical Insights:
The stock has broken a downward trendline, signaling a shift in momentum.
RSI Divergence Indicator: The bullish divergence reflects increasing strength in the price movement. A rise in volume confirms buyer dominance in the current breakout attempt.
⚡️ Actionable Strategy:
For Buyers: Enter within the ₹335-345 zone and aim for the targets mentioned.
Risk Management: Place a stop-loss at ₹316.55 to protect against a failed breakout.
For Conservative Traders: Wait for a confirmed breakout above the 1st target (₹356.35) with strong volume for safer entry.
🔎 Key Observations: A successful close above the ₹345 level could initiate a strong bullish rally. Monitor market sentiment and volume closely near the resistance levels.
📢 Disclaimer: This is for educational purposes only and not financial advice. Please do your research before taking any positions.
INDUSTOWER Stock are in good momentum probably we will see higher levels in stock 300+ keep in your radar this is not any buy or sell recommendation only for educational purpose do your own research analysis before making any investment decisions