Multiple divergences in Indigo Paints on weekly timeframe .
Price is making lower low and RSI is making higher high divergences .
What’s your opinion on this , Is this the right time to buy this ?
The right time to buy is in a confirmed stage 2 uptrend. You really do not know how long this sideways trend will last.
As you shared this picture of market cycles , can you please tell about the current stage of indigo paints ?
Went through a decline and at stage 1.