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.
will be looking for long in this one near 2100.... right now at support only... lets see candles formation in shorter time fram 1 hr candles for reversals...
So Indigo Paints after it's debut in Market it has not performed well comparing with its peers like Asian Paints and Berger Paints. But analysing the price we can see a strong support zone at 2250 level . Price is heading towards the same level. Wait paitiently to see if it take the reversal then put your sl below 2250 and target as per you Recommanded: Exit...
INDIGOPAINTS In bullish side and inside the triangle pattern. it may broke and go further up till price 3148. Entry price @ 2514 Stop Loss@ 2363 Target@ 3148 Best Wishes shakthi
Entry-2600 Sl-2355.50 Target-3211.55 BUY BUY BUY BUY BUY BUY
Keep a close watch on it. Strong financials and a good consolidation might give it the needed boost. DISCLAIMER: The ideas are merely for educational purposes. Please consult your financial advisors before taking any trade. Trade at your own risk.
Change in structure from LL - LH to HL - HH. Resistance converted to support level now. RR is good. target levels as defined. Keep trailing your profits.
WAIT FOR HIGHER HIGH FORMATION TO ENTER
Not Much of data available... all were saying expensive before listing... it is coming down.. lets see where it find support... this chart is very risky one... let see how it reacts to these levels.... right now at support.. if breaks one good Reversal zone is at 2540-2510 long only if u find Reversal confirmation ..