Stock of the day : Buy Indus Towers Ltd For Target Rs. 399 - Religare Broking Ltd

Indus Tower Ltd
Buy Indus Tower Ltd CMP 370.65 Range 369-371 SL 355 Target 399
* Indus Tower has established a firm base after consolidating within the 315-370 range around the neckline of its multi-year double bottom formation.
* The stock has registered a fresh breakout from this base with noticeable surge in volumes.
* The price action, supported by rising volumes, signals resumption of uptrend.
* We recommend initiating fresh long positions at the specified levels.
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