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(INDIGOPNTS) Indigo Paints complete technical analysis [charts+indicators] | Buy/Sell Indigo Paints | (INDIGOPNTS) share price targets

Complete technical analysis of Indigo Paints (INDIGOPNTS) by charts plus indicators, forecast predictions and share price targets for Indigo Paints (INDIGOPNTS)

Showing technical analysis as on 2024-02-21 View latest technical analysis

10 day averaged volume of Indigo Paints is 191889

Date	Daily Closing Price	Open	High	Low	Volume
21 Wed Feb 2024	1492.05	1505.00	1515.95	1475.50	0.345 times
20 Tue Feb 2024	1503.50	1521.00	1521.00	1492.25	0.255 times
19 Mon Feb 2024	1511.80	1517.00	1517.00	1495.10	0.312 times
16 Fri Feb 2024	1494.70	1507.10	1530.95	1490.20	0.505 times
15 Thu Feb 2024	1499.60	1465.70	1540.00	1462.35	1.324 times
14 Wed Feb 2024	1458.40	1450.00	1470.90	1450.00	0.197 times
13 Tue Feb 2024	1474.40	1461.85	1497.00	1445.30	0.878 times
12 Mon Feb 2024	1449.40	1470.00	1505.50	1440.00	2.739 times
09 Fri Feb 2024	1423.30	1442.30	1514.95	1404.90	2.427 times
08 Thu Feb 2024	1442.30	1436.50	1530.00	1431.75	0.913 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1485.7, but if it comes below 1485.7, then a intra day sell could be more profitable.
If you take a sell trade below 1485.7, then use 1485.7 as stoploss and 1454.24 as target. However if you take a buy trade in stock , then use 1485.7 as stoploss and 1523.4 as target.

Share price targets for Indigo Paints (INDIGOPNTS)

Target Type	Value
Downside Target	1321.50
Downside Target	1401.15
Downside Target	1475.50
Upside Target	1521.00
Upside Target	1529.00
Upside Target	1530.00
Upside Target	1540.00
Upside Target	1558.85
Upside Target	1576.30

Intraday share price targets for Indigo Paints (INDIGOPNTS)

Target Type	Value
Downside Intraday Target	1471.37
Downside Intraday Target	1450.68
Upside Intraday Target	1516.87
Upside Intraday Target	1541.68
Upside Intraday Target	1496.18

Weekly technical analysis of Indigo Paints (INDIGOPNTS)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Wed Feb 2024	1492.05	1517.00	1521.00	1475.50	0.162 times
16 Fri Feb 2024	1494.70	1470.00	1540.00	1440.00	1.333 times
09 Fri Feb 2024	1423.30	1424.85	1530.00	1404.90	3.657 times
02 Fri Feb 2024	1418.90	1450.00	1484.95	1406.00	1.021 times
25 Thu Jan 2024	1450.00	1457.25	1491.55	1401.15	0.174 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Indigo Paints (INDIGOPNTS)

Date	Monthly Closing Price	Open	High	Low	Volume
21 Wed Feb 2024	1492.05	1449.95	1540.00	1404.90	0.972 times
31 Wed Jan 2024	1443.45	1499.00	1540.00	1401.15	1.541 times
29 Fri Dec 2023	1490.50	1498.00	1558.85	1425.65	0.582 times
30 Thu Nov 2023	1488.65	1409.80	1576.30	1401.80	2.038 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Indigo Paints (INDIGOPNTS)

Price action analysis of Indigo Paints ( (INDIGOPNTS) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Indigo Paints ( (INDIGOPNTS) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Indigo Paints ( (INDIGOPNTS) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Indigo Paints ( (INDIGOPNTS) ) based on a mid to longer term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

ADX buy sell signal for Indigo Paints stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Indigo Paints in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Indigo Paints Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Indigo Paints in short term but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Indigo Paints is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1458.61 and Indigo Paints (INDIGOPNTS) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Indigo Paints (INDIGOPNTS) stock. Volume based technical analysis of Indigo Paints (INDIGOPNTS) stock is negative.

Indigo Paints Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.