INDIGOPNTS trade ideas
Indigo Paints Weekly Flag BOA bu;lish Flag and Pole Pattern has been observed on daily charts in NSE:INDIGOPNTS one can look into it to create a fresh position in the scrip at cmp of 1500 or below with stop loss of 1420 and for targets of rs 1575/1650/1725/1800/1875
Exit the position if the stop loss is triggered on WCB.
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INDIGO points Breakout and Retest in 1Day timeframeIndigopaints ready to make new high.
Strong breakout + retested from trend line
Breakout of Cup and Handle pattern for Indigo Paints LtdCup and Handle pattern formation can be seen on a weekly basis for Indigo Paints Ltd with a golden cross over pattern
CMP 1575 Target 1735
Indigo Paints Daily Breakout chart Indigo Paints Daily Breakout chart , Please do your own analysis , its educational purpose only , analysis details in video
Paints are looking for a leg up!Hi
Just waiting for this major resistance breakout. Can be today or tomorrow.
If done right, with volume we can easily go to the next level
Indigo can paint your portfolio green!Indigo paints had a bumper listing during its IPO with 100% premium over issue price.
However, since its listing, it has been in a downtrend and has corrected to an attractive valuation.
The stock has already broken the downtrend and is now looking strong for a new upmove.
The targets and SL are given in the chart. One can enter at CMP if his/her outlook is of a longer horizon.
Please note that idea is shared just for educational purposes!
VIEW ON INDIGO PAINT@Indigo paint is Good growth company in paint sector.
you can bet on the company for long term.
#Rounding Bottom
Indigo paint to take longLong indigo paint. Stock trading above 50 EMA on every move. RSI also forms positive divergences. All levels have been marked on the charts. This is for your educational purpose only.
INDIGOPNTS - Weekly AnalysisIn the Weekly Chart of INDIGOPNTS ,
we can see that; it might form a Inverted Head & Shoulder.
Expected momentum is shown in chart.
INDIGOPNTS higher lows higher highsIndigo Paints making higher lows and higher highs. Plus has huge volume spikes at/near bottom, indicating bottoming out.
Entry: Now.
S/L: -5%
indigo paintsfirst sign of reversal
a morning star in monthly
A 'w' pattern with break of neckline in weekly
have a close watch and go long if the uptrend continues
965 could be a good SL
INDIGOPNTS target 1700Indigo paints
Entry above 1380
Target Above 1700
stop loss below 1250
note : for educational purpose only , not sebi registered , published on december 21
Good Volume in Lower Side Some Bounce Back ExceptedAs 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 1300 and tg 1400 and 1450-1500.
bearish on indigo paintsFurther continuing downtrend, The technicals of indigo paints seem weak. A down move of approximately 9.5% is expected. It recently formed head and shoulder pattern and also Fibonacci retracement levels concurs with the former statement that it is expected to fall (roughly to around Rs 1350). 1350 being a important support lets se how the stock reacts there if it breaks it, a further fall is expected.
What do you think about this? Please let me know in the comments.
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)
INDIGO PAINTS breakout trendlineYour consider as investment purpose right now this is very good pick. currently stock was corrected 55 % which is to much . Indigo Paints is largest paint company before asian paints.
Indigo PaintsYour Money Your Decision..
In Long Run, Intraday trading doesn't work..
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Next Week Swing Trade... Breakout Trade For next week, Trendline breakout & price is near for 52 week low...
Note: I am not a professional trader, plz Trade you're own analysis....
INDIGO PAINTS LTD. ( EDUCATIONAL PURPOSE ONLY)There is no guarantee in stock market and Nothing over week
Always Invest or trade according to your loss bearing capacity
STOCK FOR EDUCATIONAL PURPOSE ONLY
WATCH INDIGO PAINTS LTD. with target of RS 2250 CMP IS RS 2092.20
STOP LOSS: ACCORDING TO YOUR RISK APPETITE OR @ RS 1900
Disclaimer: I am not Sebi Registered. All my ideas/opinions and analysis are for your information and educational purposes only and it does not constitute any recommendation to buy or sell any stock or index. Use your own wisdom.
M B PANDEY
Student of Share Market since 2015
B.Sc. (MATHS & PHYSICS)
Disclaimer: I AM NOT SEBI REGISTERED
Trendline breakout in Indigo paintsCan go long at the current price (2300), with SL 2250.
A nice trendline breakout is established.
Good fundamental company.
