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Stock analysis Indigo Paints Limited INDIGOPNTS

More indepth analysis on MunafaSutra.com

Moving Averages for Indigo Paints Limited

  • 5Day Average: 1377.87
  • 12Day Average: 1344
  • 20Day Average: 1347.35
  • 50Day Average: 1359.99
  • 100Day Average: 1413.75
  • 150Day Average: 1432.91
  • 200Day Average: 1460.22

INDIGOPNTS Indicators & signals

Indicator MACD (12,26,9)

1356.23, 1350.97, -3.41
Indicator MACD is in positive zone

Indicator ADX (14)

18.65, 22.9, 15.7
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 49
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of INDIGOPNTS Indigo Paints Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
06 Mon May 2024 1383.15 1369.55 to 1397.00 0.21% 0.64 times
03 Fri May 2024 1380.20 1375.00 to 1390.00 -0.03% 0.44 times
02 Thu May 2024 1380.55 1365.05 to 1387.95 0.48% 0.61 times
30 Tue Apr 2024 1373.95 1365.05 to 1389.80 0.18% 0.78 times
29 Mon Apr 2024 1371.50 1327.65 to 1377.00 3.51% 0.89 times
26 Fri Apr 2024 1325.00 1310.00 to 1355.00 0.34% 3.77 times
25 Thu Apr 2024 1320.55 1303.05 to 1328.00 0.44% 0.62 times
24 Wed Apr 2024 1314.70 1304.45 to 1332.95 -1.01% 0.67 times
23 Tue Apr 2024 1328.10 1312.00 to 1334.95 0.43% 0.97 times
22 Mon Apr 2024 1322.35 1308.00 to 1339.85 0.77% 0.36 times
19 Fri Apr 2024 1312.25 1287.25 to 1319.70 -0.26% 0.9 times
18 Thu Apr 2024 1315.65 1308.10 to 1348.00 -0.42% 0.55 times

Technical analysis forecast of Indigo Paints Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Indigo Paints Limited INDIGOPNTS at this time. Stock is rising and might rise more.

It appears as if Indigo Paints Limited INDIGOPNTS gave a large move recently.

Stock of Indigo Paints Limited (INDIGOPNTS) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Indigo Paints Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Indigo Paints Limited stays above 1379.2, but if it comes below 1379.2, then a intra day sell could be more profitable.
If you take a sell trade below 1379.2, then use 1379.2 as stoploss and 1350.64 as target. However if you take a buy trade in Indigo Paints Limited, then use 1379.2 as stoploss and 1413.5 as target.

More indepth analysis on MunafaSutra.com