Price and trend forecast of INDUSTOWER for Tomorrow, Weekly, Monthly
Indus Towers Limited
Symbol: NSE:INDUSTOWER
ISIN: INE121J01017
444.85
As on 2024-07-26
INDUSTOWER's Today's Performance
Indus Towers Limited started the day by opening at 439.90 today 2024-07-26. Its shares reached a high of 447.35 and dipped to a low of 435.00 in intraday. When the markets closed, INDUSTOWER’s stock price settled at ₹444.85 per share. Also check out its key support and resistance levels.
INDUSTOWER Buy/Sell Targets
Tomorrow, buy INDUSTOWER when its price reaches ₹ 444.85 with a stop-loss order at ₹ 436.94. You can set the target price as ₹ 452.76 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.
In the sections below, we will discuss detailed share price target of INDUSTOWER for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.
Important Down levels for INDUSTOWER
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 450 |
| Tomorrow Down Target 2 | 455 |
| Tomorrow Down Target 3 | 462 |
Important Levels for INDUSTOWER
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 437 |
| Tomorrow Up Target 2 | 430 |
| Tomorrow Up Target 3 | 425 |
Based on where the stock opens tomorrow, if INDUSTOWER opens on a positive note, our first target will be ₹450. If Target 1 is achieved, we will aim for Target 2 which is ₹455.
But if INDUSTOWER falls below the average value of ₹442.40, you can enter a sell side position with target number 1 - ₹437 and second target - ₹430 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.
Daily Volume chart of INDUSTOWER
Looking at INDUSTOWER, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.
In terms of its price, INDUSTOWER has been on a Upward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for INDUSTOWER is moderate bullish.
Tomorrow's Volume based share price Forecast for INDUSTOWER
INDUSTOWER's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is -83%.
Reversal detection for INDUSTOWER
INDUSTOWER may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹423 in morning tomorrow
| Target 1 tomorrow | 447 |
| Target 2 tomorrow | 450 |
| Target 3 tomorrow | 455 |
Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.
Combine this trend forecast with INDUSTOWER's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.
Based on where the stock opens tomorrow, if INDUSTOWER opens on a positive note, our first target will be ₹449.80. If Target 1 is achieved, we will aim for Target 2 which is ₹454.75.
But if INDUSTOWER falls below the average value of ₹442.40, you can enter a sell side position with target number 1 - ₹437.45 and second target - ₹430.05
INDUSTOWER's Weekly Targets
| 1st Up Target | 460.25 |
| 2nd Up Target | 475.65 |
| 1st Down Target | 416.55 |
| 2nd Down Target | 388.25 |
As the week for INDUSTOWER ended on bullish sentiments, we can expect further continuation of this sentiment. INDUSTOWER's initial target will be 460.25 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 416.55 in the upcoming week.
Weekly OHLC Values
| Open | 409.60 |
| High | 447.35 |
| Low | 403.65 |
| Close | 444.85 |
Week for INDUSTOWER started with an open price of 409.60, and the close was at 444.85. INDUSTOWER reached the highest of 447.35 and dipped lowest up to 403.65 last week. This indicates a bullish sentiment for the week.
INDUSTOWER full month swing targets
| Monthly Up Target 1 | 503.95 |
| Monthly Up Target 2 | 519.35 |
| Monthly Down Target 1 | 372.85 |
| Monthly Down Target 2 | 300.85 |
Targets of ₹503.95 can be expected to be reached in the coming month. Once INDUSTOWER achieved this target, we can aim for the next upside target of ₹519.35.
INDUSTOWER if fails to hold upside, down targets of ₹372.85 and ₹300.85 can be achieved by end of this month.
For complete three weeks if INDUSTOWER is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.
Related Stocks in the Same Sector as INDUSTOWER
| Symbol | Name | Industry |
|---|---|---|
| BHARTIARTL | Bharti Airtel Limited | Telecom Services |
| INDUSTOWER | Indus Towers Limited | Telecom Services |
| NAUKRI | Info Edge (India) Limited | Internet Content & Information |
| IDEA | Vodafone Idea Limited | Telecom Services |
| TATACOMM | Tata Communications Limited | Telecom Services |
Summary
INDUSTOWER is expected to reach the target of 449.80 in tomorrow's trading session.
After achieving the initial target in INDUSTOWER, we will aim for higher targets of 454.75 tomorrow.
However, if INDUSTOWER starts to trade below ₹442.40, then we will shift our focus to the sell side and aim for down targets of 437.45 and 430.05.