Image Source : The Economic Times
Angel One's Osho Krishan recommends buying Indus Towers at ₹410 (targets ₹445-450, SL ₹390) and Policybazaar at ₹1,880 (targets ₹2,100-2,130, SL ₹1,760). Both show EMA strength, channel breakouts, and RSI/MACD bullish signals amid positive sentiment.
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Senior analyst Osho Krishan highlights Indus Towers (last ₹415) trading above key EMAs with volume-backed sloping channel breakout and RSI positive crossover, signaling sustained uptrend. Policybazaar (last ₹1,892) rebounds from trendline support, breaking daily sloping resistance with MACD bullish crossover for near-term gains.
Indus benefits from telecom infra demand; Policybazaar rides insurance digitalization. Both exhibit strong technicals post-RBI rate cuts boosting rate-sensitive sectors. Risk-reward favors longs with defined stops below recent supports.
Key Highlights
Indus Towers: Buy ₹410 | SL ₹390 | Targets ₹445-450
Policybazaar: Buy ₹1,880 | SL ₹1,760 | Targets ₹2,100-2,130
Indus signals: EMA hold, channel breakout, RSI crossover
Policybazaar signals: Trendline rebound, MACD bullish, EMA strength
Outlook: Bullish near-term; monitor volume confirmation
Sources: Business Standard
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