ICIL - Ichimoku Breakout📈 Stock Name - Indo Count Industries Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 450.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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ICIL
ICIL (Indo Count) near major resistance, breakout?Indo Count:
-One simple horizontal line setup (80 days consolidation after good move)
-Signal Candle (white dot candle when 5%+ move and Vol: 1m+) suggesting institution vol kickin in
-tightness after signal candle
-Good shakeout (when price go below major ema (here 100 ema) and rally up, kicking out weak players), check what it did last it udercuts)
But right now market is little tricky for swing traders as stocks are breaking out but no follow-through coming and lots of squats (wick above major resistance breakout, fake-out in same session) too. So one can wait for confirmation what market wants or if have anticipation then best time to build positions.
ICIL (Indo Count Industuries) : ATH Breakout with volumesStock is in consolidation for long near ATH before breakout.
Classic pattern of accumulation before good BO. in one sense it is also giving a Flag and pole breakout.
Now as we can see the weekly candle is closed above ATH. Stock can move from here.
Entry above Week high and Stoploss can be kept below low of same weekly candle.
DISC: Only for educational purposes.
Nice weekly long setup in ICILA bullish flag & pole Chart Pattern Breakout on the Weekly Time frame of NSE:ICIL
Price Action supported by very good volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart
Stop loss will be on a Weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish flag & pole Chart Pattern
Technical Indicator :- Positive MACD Crossover
Disclaimer: This is for educational purpose only.
ICILICIL :- Pole flag pattern is showing formation, wait for breakout and watch
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
ICIL - Ascending triangle pattern1. ICIL broke out of the ascending triangle and is now retesting for demand at the flip zone (275-280).
2. New long can be opened above 270.
3. The price will soon retest the ATH.
4. The price also rebounded from the 0.5 Fibonacci level.
Rajat Kumar Singh
(@johntradingwick)
-NSE Certified Technical Analyst
-NSE Certified Fundamental Analyst
-NSE Certified in Investment Analysis and Portfolio Management
Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
ICIL - Cup and Handle Breakout CandidateThe stock has formed the classic Cup and Handle pattern, and is a likely candidate for a breakout soon.
The targets and stop loss are mentioned in the chart.
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