Further 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...
Been in a good range of uptrend from some time and today gave a very good breakout with a high volume, also RSI is above 70. So looking good . A good upmove can be expected. It recently acquired Technica Engineering Gmbh, Germany, Technica Electronics Barcelona S.L., Spain, Technica Engineering Spain S.L., Spain and Technica Engineering Inc, USA for Rs 640 crores....
