INDIGO paints head and shoulder forming INDIGO paints head and shoulder chances of formation. Keep eye
INDIGOPNTS trade ideas
Indigo paint short term target around 1600 plusThis indigo paint is under upward trend its running above the 13 days MA. depends on market also looking positive for in short term . Keep Sl 1370 to 1360
Target price around 1 months time
This is just as per my view and pls don't invest without knowledge & advise from register broker.
Buy after the Breakout 💯💯 RSI was in full support in one week Indigo paints was on its top of resistance level or it was stuck on this point since 4 March it stuck at 1741-1365
Now If it breakout 1741 thn we are bullish in it
Buy Indigo above 1745
Target 1840 1903 2110 2285
Sl 1360 for longterm
Sl 1490 for short term
INDIGO PAINTS LTD looks good cmp 2130
date 1/1/2022
trgt 2500-2600
Disclaimer:
All information shared is just for educational purposes.
By no means shall we be accountable for any debits/losses amounting out of it.
We are not SEBI registered Analysts, so please consult your Investment Advisor and take rational decisions.
Is it a setup to go LONG again?So Indigo Paints after it's debut in Market it has not performed well comparing with its peers like Asian Paints and Berger Paints.
But analysing the price we can see a strong support zone at 2250 level . Price is heading towards the same level. Wait paitiently to see if it take the reversal then put your sl below 2250 and target as per you
Recommanded: Exit before the supply zone
-Aarviz
