Indigopaints analysis
as we can see that indigo paints has corrected very much and now we can see the strong bullish momentum from 1400 level which is good support
aslo it has breaked the 50 ma and now taking support on 100 ma which is also a good sign to go up for the stock
and we see that RSI is also bullish breaked 60 level with strong bullish candle (BUllISH DIVERGENCE CAN BE SEEN ) which is also a good confirmation
1st target 1697
2nd target 1761
(do your own analysis while entering the trade)
aslo it has breaked the 50 ma and now taking support on 100 ma which is also a good sign to go up for the stock
and we see that RSI is also bullish breaked 60 level with strong bullish candle (BUllISH DIVERGENCE CAN BE SEEN ) which is also a good confirmation
1st target 1697
2nd target 1761
(do your own analysis while entering the trade)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.