RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of INDUSTOWER.BO
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Evaluation of INDUS TOWERS LIMITED stock downgraded after the last trading session.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 15, 2024 Gain 31.56% PDF

The INDUS TOWERS LIMITED stock price gained 2.83% on the last trading day (Thursday, 28th Mar 2024), rising from ₹283.15 to ₹291.15. During the last trading day the stock fluctuated 3.26% from a day low at ₹283.45 to a day high of ₹292.70. The price has risen in 6 of the last 10 days and is up by 23.34% over the past 2 weeks. Volume fell on the last day by -271 thousand shares and in total, 735 thousand shares were bought and sold for approximately ₹214.08 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at ₹283.70, a level that may pose a second chance to hit a runner. According to fan-theory ₹321.69 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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INDUSTOWER.BO Signals & Forecast

The INDUS TOWERS LIMITED stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₹266.80 and ₹243.35. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 13, 2024, and so far it has risen 23.34%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for INDUS TOWERS LIMITED stock

On the downside, the stock finds support just below today's level from accumulated volume at ₹225.50 and ₹225.40. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, INDUS TOWERS LIMITED finds support just below today's level at ₹225.50. If this is broken, then the next support from accumulated volume will be at ₹225.40 and ₹219.00.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₹9.25 between high and low, or 3.26%. For the last week, the stock has had daily average volatility of 4.46%.

Our recommended stop-loss: ₹282.07 (-3.12%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (INDUSTOWER.BO) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect INDUS TOWERS LIMITED to open at ₹289.10, and during the day (based on 14 day Average True Range), to move between ₹279.05 and ₹303.25, which gives a possible trading interval of +/-₹12.10 (+/-4.16%) up or down from last closing price. If INDUS TOWERS LIMITED takes out the full calculated possible swing range there will be an estimated 8.31% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ ₹225.50, some ₹65.65 (22.55%) from the current price of ₹291.15, our system finds the risk reward attractive.

Is INDUS TOWERS LIMITED stock A Buy?

INDUS TOWERS LIMITED holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for INDUS TOWERS LIMITED of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
₹289.10 ( 0.704%) ₹291.15

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for INDUSTOWER.BO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 298.35 2.47 %
R2 294.82 1.26 %
R1 292.63 0.510 %
Current price: 291.15
Support S1 285.57 -1.92 %
S2 283.38 -2.67 %
S3 279.85 -3.88 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 291.15
Support S1 225.50 -22.55%
S2 225.40 -22.58%
S3 219.00 -24.78%

FAQ

What is the symbol for INDUS TOWERS LIMITED Stock and on which exchange is it traded?
The symbol for INDUS TOWERS LIMITED is INDUSTOWER.BO and it is traded on the XBOM (Bombay Stock Exchange).

Should I buy or sell INDUS TOWERS LIMITED Stock?
INDUS TOWERS LIMITED holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy INDUS TOWERS LIMITED Stock?
INDUS TOWERS LIMITED Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy INDUS TOWERS LIMITED Stock.

What's the current price of INDUS TOWERS LIMITED Stock?
As of the end of day on the 2024-03-28, the price of an INDUS TOWERS LIMITED (INDUSTOWER.BO) share was ₹291.15.

What is the 52-week high and low for INDUS TOWERS LIMITED Stock?
The 52-week high for INDUS TOWERS LIMITED Stock is ₹292.70 and the 52-week low is ₹136.90.

When is the next earnings date for INDUS TOWERS LIMITED?
The upcoming earnings date for INDUS TOWERS LIMITED is Apr 24, 2024.
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