"Be Surprised" - "Jaisa Performance, Waisi Price!"Indigo Paints Ltd
About
Incorporated in 2000, Indigo Paints Ltd manufactures and sells decorative paints
Key Points
Leading Paint Company
The company is a leading paint company in India that produces a wide range of decorative paints. It is the first company to introduce category-creator products like Metallic Emulsions, Tile Coat Emulsions, etc in the decorative paint market in India. The company has ~80%-90% market share in some of its differentiated products.
Product Portfolio
The product portfolio comprises of Emulsions, Enamels, Wood Coatings, Primers, Distempers, Cement, Paints, Putties etc.
📈 Indigo Paints – Is a Breakout Brewing? 🎨
CMP: ₹1,199 | View: Positional Bullish | Chart TF: Weekly & Monthly
🔹 Technical Breakout:
Price has successfully broken out of a long-term falling trendline on both weekly and monthly charts after forming a strong base near ₹1,000.
MACD crossover, rising RSI, and Parabolic SAR flip all support this uptrend.
Volume spike seen recently confirming accumulation.
🔹 Bullish Indicators:
RSI (W1 & M1) back above 50 – momentum shifting.
MACD crossovers with histogram reversal.
Price reclaiming 50EMA and 100EMA for the first time in months.
Bullish divergence played out.
📰 Fundamental Triggers:
CNBC TV18: Management expects growth to pick up from Q1 FY26, with strong sales outlook.
MoneyControl: Sharekhan gave a Buy call with a target of ₹1234.
NDTV Profit: Indigo Paints picked as a top stock to buy this week.
📊 Screener Fundamentals:
Debt-free, consistent ROE ~18%
Strong operating margins
Expanding dealer network and brand recall improving
📝 Note: Please do your own due diligence. This is not a recommendation, just a view based on charts and fundamentals.
🧠 Disclaimer: For educational and research purposes only. No buy/sell advice.
📝 Chart Purpose & Disclaimer:
This chart is shared purely for educational and personal tracking purposes. I use this space to record my views and improve decision-making over time.
Investment Style:
All stocks posted are for long-term investment or minimum positional trades only. No intraday or speculative trades are intended.
⚠️ Disclaimer:
I am not a SEBI registered advisor. These are not buy/sell recommendations. Please consult a qualified financial advisor before taking any investment decision. I do not take responsibility for any profit or loss incurred based on this content.
