ICIL :- Pole flag pattern is showing formation, wait for breakout and watch
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rest details mentioned in the chart.
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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.
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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.
- Weekly Chart
- Cup Pattern
- Looks Good for Short Term Investment/ Swing if closes above 175
- Manage risk using stop-loss and appropriate Position Sizing
-Possible targets marked in the chart
1. Tested Resistance 5 times.
2. Trend line break out happened and taken the support on trendline.
3. Buy above 140 SL 110, Add more till 120
4. Target 158/170/180
Disclaimer: This is educational purpose only.
