Hello Vaishali,
You should trying the following steps :
1.Bind the Color Entities with your Combobox widgets .
2.Take a Local Variables for Hold the ComboxBox Value.
3.Bind the icon with Container and Add the Extended Properties.
4.
add Code in the Value fields :
"Color:"+<Local Variable>
5.Refresh the Icon container with OnChange the Combobox.
I hope this will help you.
Thanks & Regards
Navneet Sharma