Its 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...
NSE:INDIGOPNTS
Indigo paints is trying to do the breakout on daily charts. The resistance level is 2700. Make a long position above 2740. SL will be 2700.
Please share with your family and friend if you like the idea to go long. This chart is only for education purpose. Consult with your financial advisor before making any investment.
Good evening friends we are back with stock analysis today we are having only one stock that is indigo paints ltd. if it sustain above 2450 in coming days our view is for three days than it can see new highs we have shared in detail in video you are requested to kindly watch it.
Regards.
All levels mentioned on chart.
Breakdown if happens can lead to good fall as there is no nearest support available. However there is chance it can take support within this box range and bounce back. once its broken 2700 level in upside can also give movement near up to 3000+
