padiyaraa
Long

ICIL seem like completing an abc pattern around 96(onRequest)

NSE:ICIL   INDO COUNT INDUSTR
ICIL' is highly over sold and completing a pattern. MACD is below zero line showing bearishness,
still hopes, that it can improve any time, as the PINK line mark shows an upcoming PD.
It seems like we are in the end of a Wave C of an abc' correction, which I mentioned in my frirst post even , doubting the correction to be continued. Actually I was expecting a pullback towards 140-160 didn’t work.
The Grey marks are from old post.

Fundamentally the stock is an above average one with an ROE 30 & Debt to equity: 0.30, The sales and profit has to improve better. And always keep in mind the Industry you are entering in, as in this case most of the TEXTILES are under performers.
Market Cap.: ₹ 2,027.29 Cr.
Current Price: ₹ 102.70
Book Value: ₹ 43.49
PE: 10.15
Dividend Yield: 0.78%
Face Value: ₹ 2.00
ROE: 29.62%
EPS: ₹ 10.12 Expected quarterly EPS: ₹ 4.54
Debt to equity: 0.30
In my view 96 is a strong support.
Hello every one, you can find and search any old post from the home page itself, just type your stock code, and select your exchange. because if you are selecting the BSE' code, and the posting is made with NSE code, then it will not show anything. if any one posted a view on any stock will be shown under that scrips details.
Comment:
snapshot

Wave C end at .618 % retrace level of the total bull run.
Hopefully we are starting a new Bull run
Yes Sir. Got your point clearly
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padiyaraa Siddharth_Kr_Jain
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SIR. WHATS UR UPDATED VIEW FOR ICIL AS IT BROKE 96 N TOUCH 93.70 BUT CLOSED ABOVE 96. CAN I GO LONG AT 98-99 LEVEL
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padiyaraa Siddharth_Kr_Jain
@Siddharth_Kr_Jain, Hi, it can even come down to 91 level, then complete the internal wave v. (look at the indicators showing a positive sign).
The support mentioned here is always a zone, but not any fixed points.

A general study is conducted to give an idea for investing at lower price.
It is impossible to find an exact BOTTOM,also an every day update or giving an individual trade plans is really not practical.
Those who are interested to invest should take their own decision.
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