INDIGO 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
SELLERS ARE LOSING MOMENTUM HERE AND DIVERGENCE IS CLEARLY VISIBLE HERE. VOLUMES ARE DRYING UP AS WELL.
POSITIVE RSI DIVERGENCE CLEARLY VISIBLE IN HORLY TF PROBABLY BOTTOMING OUT AND MAY GIVE AN UPMOVE FROM HERE.
BUY AT 92 SL AT 88 CLOSING BASIS TARGET 100 108 HIGH VOLATILE STOCK BE ALERT
NEAR ITS RESISTANCE TURNED SUPPORT NOW AT 2700 ZONE DOUBLE BOTTOM IN DAILY TIME FRAME RSI MAKING HIGHER LOWS AND MOVING ABOVE 40 SHOWING BULLISHNESS LONG CAN BE INITIATED HERE WITH GOOD RISK REWARD RATIO BUYING RANGE 2740-2760 SL-2700 ON DAILY CLOSING BASIS TARGET1 3000 TARGET 2 3200.
1) DOUBLE BOTTOM IN HOURLY TIME FRAME 2) RSI DIVERGENCE SEEN 3)BUYING ABOVE 915 ONLY