- Indigo Paints is currently trading at 1502
- Paint stocks have a huge correlation with Crude Oil Prices
- Whenever we see BRENT/WTI Crude Oil Prices getting slaughtered we always see Paint stocks moving up
- Similarly the setup for Indigo looks good to me and we can easily see this purging above 1600 soon
SHALPAINTS is showing strength from the weekly support and expecting to touch these TRENDLINES. Follow these for targets. We can see 200 soon. 300 will take 6-8 months.
NOTE: I'm not a SEBI REG. Study before investing.
