📈 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...
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...
ICIL is a good investment stock forming a beautiful cup and handle pattern in multi year time frame.
Once ATH is broken, we can see big and quick move in this stock.
Long term investors can look for 2x returns as well.
Stock 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.
A 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...
ICIL :- 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...
1. 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...
The 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.
Please follow us for more trading setups like these.
If you have any queries/suggestions related to above pattern, feel free to type below in the comment section.
Do show your love by pressing the like if...
ICIL Heading Towards 180 Level.
CMP is 228.
Falling in a parallel channel.
Keep an eye on the parallel channel breakout also.
PRZ is 175-780. Till then wait and watch.
ICIL was good buy for the target of 244. we have provided the buying range of 172-178 or Buy above 199. it was shared on 7th July. 30% return has been given by the stock so far and still on the move. for more such analysis, Join our Premium channel.
