From 16TH feb it is consolidating in a tight range. Fridays strong buying from bottom given 5% momentum.
INDIGO PAINTS big support 980 - 990. Big move expected if manage to close above 1130.
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 Looks good for long on monthly chart good for short to mid-term investment
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...