onerighttrade

Long Swing Trade Idea #43 : Buy ICIL

Long
NSE:ICIL   INDO COUNT INDUSTR
Idea # 43 : Indo Count (NSE: ICIL ) on daily chart for 23rd July 2020. Please do like and share the idea in case you find it good and follow it for further updates on it. for benefit of everyone. Also, please comment if you have any feedback. This idea by onerighttrade team is only for study purpose and is not a trading call.
Trade active
Comment: Hit upper circuit of 20% today
Trade closed: target reached: I have booked 75% at target of 61 and will keep stoploss for rest at entry price. current CMP is 63.85. Trade is closed
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Comments

after viewing at weekly frame it seems to go up again
so there are only strong bullish candles , i think there might be RE_TRACEMENT ??
correct me if i am wrong :)
Reply
onerighttrade Saurabh1729
@Saurabh1729, I have booked most of my positions at target, but please note somethings. first is this is il-liquid stock, so you cannot buy and sell on same day. It is now at the previous selling zone, so buying now can be risky. These types of stock can go upto any level and come down with same speed, sometimes people don't even get chance to exit, so be careful
Reply
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