What is the outlook for Indus Towers? I am holding the shares at an average price of ₹280. Should I continue to hold it or exit? Please advise. Saranya GoshIndus Towers (₹216.25): The short-term outlook is slightly mixed. The stock seems to be struggling to gain momentum over the last couple of weeks. Resistance is at ₹235, and support is at ₹207. There is a danger of seeing a break below ₹207. Such a break can drag it down to ₹190-185 in a month or two. A bounce thereafter can take the stock price up to ₹260 over the medium term. However, Indus Towers’ share price has to rise past ₹265 in order to become bullish for the long term. Only in that case, the doors will…
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Technical Analysis: Indus Towers, Central Bank of India and Steel Strips Wheels
