🎯The chart is pretty self-explanatory as always!
🎯Will we reverse or continue the downfall??
Share your thoughts below !
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your...
An inverted head and shoulder pattern forms a bullish reversal pattern after a downtrend. It consists of three consecutive troughs, with the middle trough, known as the head, being the lowest, and the other two troughs, known as the shoulders, forming higher lows. The pattern resembles a head with two shoulders, hence its name.
Traders interpret the inverted head...
This indigo paint is under upward trend its running above the 13 days MA. depends on market also looking positive for in short term . Keep Sl 1370 to 1360
Target price around 1 months time
This is just as per my view and pls don't invest without knowledge & advise from register broker.
In the Weekly Chart of INDIGOPNTS ,
we can see that, Selling is the same range since 4 Weeks.
Lets see if momentum up shifts or new selling will start.
In the Weekly Chart of INDIGOPNTS ,
we can see that, it is holding at a level.
Its has formed a Decision making candle.
Enter on breaking its high with low as SL
Book profits at 1400-1430 Levels.
At this time many people ask why asian paint, berger paint company breackdown, what is the reasion, why crude price and paint stock move same.
This is not happen only indian market but also word top paint company move same parrten,
A very good bearish head&shoulder made in the 1 day chart of Indigo paints soo its a tym to short it or not buy it .
Sell Indigo paints below 1479
Target 1444 1395 1365 1350
Sl 1550
Indigo paints was on its top of resistance level or it was stuck on this point since 4 March it stuck at 1741-1365
Now If it breakout 1741 thn we are bullish in it
Buy Indigo above 1745
Target 1840 1903 2110 2285
Sl 1360 for longterm
Sl 1490 for short term
cmp 2130
date 1/1/2022
trgt 2500-2600
Disclaimer:
All information shared is just for educational purposes.
By no means shall we be accountable for any debits/losses amounting out of it.
We are not SEBI registered Analysts, so please consult your Investment Advisor and take rational decisions.
