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Indus Towers Limited (INDUSTOWER) — Technical Setup
₹383.00 +1.24% Range Volatility Contraction Neutral
Summary
Indus Towers Limited is in a range on the daily chart, with the weekly trend bearish and the monthly trend bearish. RSI(14) is 51.9, MACD is above its signal line, ADX reads 9 (weak trend). The stock trades 6.5% below its 200-day average and 20.5% below its 52-week high. Volume in the latest session was 0.7× its 20-day average. Over three months it has outperformed the Nifty 50 by 1.8 percentage points. Nearest support is ₹368.70 and resistance ₹391.60. Its technical score is 48/100 (neutral).
🧮 How the 48/100 is built
Five components, 20 points each. Every rule is shown with the points it earned — the score describes the chart as it stands today; it is not a prediction.
- Close above 20-day EMA (0.67)3/3
- 20-day EMA above 50-day EMA0/3
- 50-day EMA above 200-day EMA0/3
- Close above 200-day SMA (-6.50)0/3
- SuperTrend (10,3) pointing up0/3
- ADX ≥ 20 with +DI above −DI (trend has strength) (9.35)1/3
- Weekly trend up (above a rising 30-week average)0/2
- RSI(14) in the bullish zone (55-70 best) (51.91)4/6
- MACD line above its signal line4/4
- MACD line above zero (0.79)3/3
- 12-day rate of change positive (1.65)3/3
- Stochastic %K above %D2/2
- Outperforming the Nifty 50 over 3 months (1.80)2/2
- On-balance volume rising over 20 sessions0/5
- Chaikin Money Flow (20) positive (0.07)5/5
- More volume on up days than down days (20 sessions) (0.89)0/5
- Close above 20-day VWAP (0.49)5/5
- Daily range (ATR%) contained — ≤2.5% scores full (2.59)4/6
- Price in the upper half of its Bollinger Bands (0.61)5/5
- Shallow drawdown from the 52-week high (-20.46)1/5
- Volatility contracting (20-day volatility below its 6-month median) (60.80)0/4
- Room to the next resistance (≥8% scores full) (2.25)1/5
- Support close below (a tight, definable stop) (3.73)5/5
- Broke above a 20-day high in the last 5 sessions0/5
- Within 5% of the 52-week high (-20.46)0/5
🧭 Regime: Range
Volatility Contraction — Bollinger width is in the 0th percentile of the last six months.
Suits: Mean reversion / range trading. No directional edge: buy near range support, sell near resistance, and treat breakouts with suspicion until volume confirms them.
Classified from ADX, the 20/50-day EMA stack and price's distance from the 50-day average; volatility from band-width and ATR expansion.
Opens the AI Backtester with the Bollinger Band Reversion rules for INDUSTOWER — close below the lower bollinger band (20,2) while above the 200-day sma.
🕰️ Multi-timeframe
| Timeframe | Trend | RSI (14) | MACD hist. |
|---|---|---|---|
| Monthly | ▼ Bearish | 47.35 | -4.64 |
| Weekly | ▼ Bearish | 45.29 | 0.79 |
| Daily | ◆ Neutral | 51.91 | 0.04 |
Weekly: close vs a rising 30-week average (Weinstein). Monthly: close vs the 10-month average. Weekly SuperTrend: Bearish, weekly ADX 28.32.
📶 Volume & VWAP
VWAPs are computed from daily bars (typical price × volume), not intraday ticks.
💪 Relative strength
INDUSTOWER ÷ Nifty 50, rebased to 100 a year ago. Rising = outperforming.
🧱 Support & resistance
Clustered swing highs and lows from the last year; “touches” is how many swings formed the level.
| Level | Price | Distance | Touches |
|---|---|---|---|
| Resistance | ₹431.15 | +12.6% | 1 |
| Resistance | ₹421.90 | +10.2% | 2 |
| Resistance | ₹410.00 | +7.0% | 5 |
| Resistance | ₹391.60 | +2.2% | 12 |
| Close | ₹383.00 | — | |
| Support | ₹368.70 | −3.7% | 5 |
| Support | ₹355.55 | −7.2% | 1 |
52-week range: ₹355.55 – ₹481.50 (-20.46% from the high).
🌀 Fibonacci
Measuring the down-swing from ₹449.40 (2026-05-29) to ₹355.55 (2026-09-28). Price has retraced 29.2% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹377.70 | -1.4% | nearest |
| 38.2% retracement | ₹391.40 | +2.2% | S/R confluence |
| 50.0% retracement | ₹402.48 | +5.1% | |
| 61.8% retracement | ₹413.55 | +8.0% | S/R confluence |
| 78.6% retracement | ₹429.32 | +12.1% | S/R confluence |
| 127.2% extension | ₹330.02 | -13.8% | |
| 161.8% extension | ₹297.55 | -22.3% | |
| 200.0% extension | ₹261.70 | -31.7% |
🕯️ Candlesticks (last 5 sessions)
No classic candlestick pattern in the last five sessions.
↗️ Divergences
No regular divergence on RSI, MACD, OBV, MFI or Stochastic at the latest swings.
📐 Chart pattern
- Falling Wedge weeklyforming
- Triple Top dailyforming
✅ Screens INDUSTOWER passes today
| Stock | Close | Chg | Score | Trend regime | RS rating (1-99) |
|---|---|---|---|---|---|
| GESHIPThe Great Eastern Shipping Company Limited | ₹1,600.40 | +0.43% | 91 | Strong Uptrend | 87.00 |
| SHREEJISPGShreeji Shipping Global Limited | ₹873.65 | +3.60% | 89 | Strong Uptrend | 98.00 |
| ADANIPORTSAdani Ports and Special Economic Zone Limited | ₹1,854.00 | +0.22% | 88 | Uptrend | 83.00 |
| BHARTIARTLBharti Airtel Limited | ₹1,989.90 | +0.82% | 86 | Strong Uptrend | 66.00 |
| CEIGALLCeigall India Limited | ₹392.45 | +0.58% | 84 | Uptrend | 88.00 |
| BHARTIHEXABharti Hexacom Limited | ₹1,680.70 | +2.72% | 79 | Uptrend | 69.00 |
| OMFREIGHTOm Freight Forwarders Limited | ₹122.25 | +8.66% | 79 | Strong Uptrend | 90.00 |
| AJMERAAjmera Realty & Infra India Limited | ₹132.48 | -0.08% | 77 | Uptrend | 55.00 |
| LTLarsen & Toubro Limited | ₹3,939.90 | +1.76% | 76 | Range | 67.00 |
| NAZARANazara Technologies Limited | ₹401.65 | +0.71% | 76 | Uptrend | 91.00 |
⚠️ Educational technical analysis computed automatically from end-of-day NSE prices — not investment advice. Flash Finance is not SEBI-registered. Indicators describe what price has done; they do not predict what it will do. Verify levels on a live chart and manage risk before acting.
