INDIGOPNTS trade ideas
Trendline breakout in Indigo paintsCan go long at the current price (2300), with SL 2250.
A nice trendline breakout is established.
Good fundamental company.
Indigo Paints-Descending Traingle/Parallel ChannelIndigo Paints is moving inside parallel channel & has formed descending triangle with its base on monthly support.
Just let it form green candle in daily timeframe just above the support.
We can expect its big movement-
T 1 - 2390
T 2 - 2500
Indigo paintsBelow the Bearish level for now
the levels marked are for the whole month of Oct 21
Immediate support near 2494 levels..
if closes below 2494 then more weakness
trading levels marked...
Enjoy
INDIGO PAINTS... TRIANGLE PATTERNIndigo paints share prices have been trading within the triangle pattern. Add the stock to your watch list. It is trading near the support line. Good to enter here with a stop loss just below the support line. Or, wait for a breakout to trade this pattern.
INDIGO PAINTSThis scrip has formed a beautiful pattern and it is expected to give 20 TO 30% returns within a week. So traders keep on your radar to catch the momentum and enjoy the profit
On the verge of breakout ✌✌✌This scrip is expected to give breakout as it is on the verge of breakout. So traders keep on your radar to catch the momentum and enjoy the profit. Thanks to all 🙏🙏
Indigo paints 1D rally coming soon *For educational purpose only. It's not a call do your own analysis.
Breakout may be see in coming days keep watching it.
Expecting 20 % Returns in one week ✌✌✌✌This scrip has formed a beautiful pattern and it is expected to give 20% returns within a week. So traders keep on your radar to catch the momentum and enjoy the profit. Thanks to all 🙏🙏🙏
BREAKOUT COMING IN INDIGOPAINTSDecent pattern.
Breakout can be seen anytime soon.
Let me know your target and entry level in the comments.
INDIGO PAINTS LOOKING BULLISH ON CHARTSTOCK IS TAKING GOOD SUPPORT FROM THE TRENDLINE AND IS ALSO RESPECTING ITS 50 EMA.
A LONG SWING POSITION CAN BE EXECUTED ABOVE THE RESISTANCE ZONE MARKED ON THE CHART.
ALSO,THE COMPANY IS GOING TO POST ITS RESULT ON 6 AUG 21 AND RESULTS MIGHT BE STRONG FOLLOWING THE QUEUES FROM ITS PEER COMPETITION ASIAN PAINTS WHICH POSTED STRONG NUMBERS.
DISCLAIMER:-
THIS CHART IS PUBLISHED JUST FOR EDUCATIONAL PURPOSE.
INDIGOPNTS: A Bullish Trend"
TECHNICAL ANALYSIS OF NSE:INDIGOPNTS
The LAST CLOSE PRICE of NSE: INDIGOPNTS is 2564.95. The PARABOLIC SAR is showing the BUY SIGNAL with TREND as UPTREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0.5 at the FIBONACCI STOCK PRICE LEVEL of 2605.1. From here, the Key Support and Resistance levels are SUPPORT 1 at 250.07, SUPPORT 2 at 2530.89 with RESISTANCE 1 and RESISTANCE 2 at 2621.4 and 2656.65 respectively. The Key 50% FIBONACCI LEVEL stands at 2595.7 which is the crucial Fibonacci Level determining whether the scrip will maintain the trend or not.
The STOC RSI has the values K and D as 50.81 and 49.34 respectively. At this level it the status is WITHIN OVER BOUGHT AND OVER SOLD RANGE. When we look at the Moving Averages, MACD is the crucial indicator to look into. With MACD VALUE at 13.44 and 6.67 at 14.15 alongwith HISTOGRAM showing valus of -0.72, the STATUS is clearly BUY CROSSOVER NEARING IN.
The best indicator to determine the Trend Reversal is FISHER TRANSFORM and currently the values of FISHER and TRIGGER stand at -0.6 and -0.31 with DOWNTREND as UPTREND. A very important factor while making the investment is to see if there has been already too much of Buying or Selling, and that are we entering too late into the transaction or not. Thus, with WILLIAM's R% value at -0.4585 the STATUS is WITHIN OVER BOUGHT AND OVER SOLD RANGE.
No one wants to buy costly things, and thus always look for the bargain or appropriate price levels to buy things. Same applies to Stocks, howver the only exception would be some Hot Stocks that one wants to have any price. Looking at this perspective, the P/E RATIO of the stock stands at which signifies its Price Level to be .
>>> RECOMMENDATION is : BUY."
INDIGOPNTS LONG VIEWBuy INDIGOPNTS CMP: 2620 SL: 2440 TARGETS: 2730/2900/3000+ 30 days to 90 days view
Bunny seems ready to run like Rabbit
Master Rejection from 2280 Level. Above 2700, shar upside movement expected.
Recent data is positive and volume is fair.
1:2 Risk to rewardGo long on indigo paints for a first target of 2680,and a second target of 2818,Place stop loss at 2485.
Disclaimer: For educational purposes only.
GO LONG REVERSAL IDEAINDIGO PAINTS IS SHOWING SIGNS OF REVERSAL
CAN INITIATE A LONG HERE WITH SL OF 2450 CLOSING BASIS
TARGET 1 2700 AND NEXT TARGET WOULD BE 3000
buy Indigo piantsIndigo paints can be looked at 2520 or at decline upto 2450 for short term gain of 10-20%. long term it's multibagger.
Too early to say Indigo PaintsIts too early to say but it seems indigo paints is forming upward trend channel. Its still at high PE, but investors are unwilling to sell given the high growth prospect. PE will start to come down during 22-23 fiscal when company's net profits rises. It is advisable for small investors to wait and watch. This scrip will start exploding only after 1-2 years till then don't expect any explosive moves. Downfall risk is always there. Take your advisers word. Thank you.
