Diwali Technical Pick 2024 : Buy Indigo Paints Ltd For Target Rs. 335 - Nirmal Bang Ltd
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Indigo Paints Ltd
* Monthly chart indicates the stock has given the three year downward sloping trend line with decent volume.
* Interesting fact is that stock is trading in upward raising channel suggesting potential up move in near term.
* The important oscillators RSI shown strength.
* Therefore, Investor can buy the stock at 1640 and on dips to Rs 1520 for a target of Rs 2190 with a strict stop loss placed below Rs 1380.
Buy Indigo Paints Ltd CMP 1640 Add On 1520 SL 2190 Target 335
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