INDIGOPNTS - Weekly AnalysisIn the Weekly Chart of INDIGOPNTS ,
we can see that, it is holding at a level.
Its has formed a Decision making candle.
Enter on breaking its high with low as SL
Book profits at 1400-1430 Levels.
INDIGOPNTS trade ideas
INDIGO PAINTS EXTREMELY OVERSOLD + WEEKLY INSIDE CANDLE INDIGO PAINTS big support 980 - 990. Big move expected if manage to close above 1130.
PAINT STOCK ANALYSISAt this time many people ask why asian paint, berger paint company breackdown, what is the reasion, why crude price and paint stock move same.
This is not happen only indian market but also word top paint company move same parrten,
Bearish head and shoulder In Indigo 🎨 A very good bearish head&shoulder made in the 1 day chart of Indigo paints soo its a tym to short it or not buy it .
Sell Indigo paints below 1479
Target 1444 1395 1365 1350
Sl 1550
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
Indigopaints levels for tomorrowFind the chart levels for tomorrow intraday view
buy above 1565
sell below 1540
Follow minimum 1:1 risk reward
Chart for educational purposes only
Indigo Paints Bottoming on Monthly Charts 9818915321Indigo Paints Looks good for long on monthly chart good for short to mid-term investment
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
INDIGOPAINTSINDIGOPAINTS
In bullish side and inside the triangle pattern. it may broke and go further up till price 3148.
Entry price @ 2514
Stop Loss@ 2363
Target@ 3148
Best Wishes
shakthi
A good move possible
Keep a close watch on it. Strong financials and a good consolidation might give it the needed boost.
DISCLAIMER: The ideas are merely for educational purposes. Please consult your financial advisors before taking any trade. Trade at your own risk.
Indigo Paints Change in structure from LL - LH to HL - HH. Resistance converted to support level now. RR is good.
target levels as defined. Keep trailing your profits.
