INDIGO PAINTS LTD
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SWING IDEA - INDIGO PAINTS

537
Indigo Paints, known for its innovative product offerings in the Indian paint industry, is displaying promising technical indicators for a swing trade.

Reason are listed below :
  • 1600-1650 Resistance Zone: This significant resistance level, tested multiple times, is now possibly ready for a breakout, suggesting upward momentum.
  • Bullish Engulfing Candle on Weekly Timeframe: The strong bullish candle reinforces buyer interest and strength.
  • Breaking 2.5+ Years of Consolidation: The stock is moving out of a prolonged consolidation phase, hinting at a potential long-term trend change.
  • Trading Above 50 and 100 EMA on Weekly Timeframe: This indicates sustained bullish strength, with price action above critical moving averages.


Target - 1950 // 2250
Stoploss - weekly close below 1400


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@visionary.growth.insights
交易進行
hold!
註釋
HOLD!
註釋
bouncing back from support zone, hold!
註釋
hold!
交易結束:達到停損點
stoploss hit : 17%

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