ICIL
TRAND REVERSAL : AFTER THE LONG DOWN TREND..LOWER LOW LOWER HIGH ICIL INDICATE TRAND REVERSAL WITH HIGHER HIGH HIGHER LOW
IF THE TUCH 55 AND SUSTAIN ABOVE 50 AND BETWEEN 52-53 THEN MADE INVERTED HEAD & SOLDER PERTTEN
TARGET : HOLD FOR LONG RUN
SL : 39.90
ICIL #SELL BELOW 66.25INTRADAY TRADE (TRADE FOR TOMORROW | NOVEMBER 5th, 2018)
ICIL #SELL BELOW 66.25
Trade setup in ICIL As per daily candle chart, there is clear upside descending triangle breakout. Those who are looking for good investment opportunity can invest in this gem with stop loss below 720. The view here is for short to medium term.
ICIL Short term and Mid term viewAll Indicators are positive. Inverse Head and shoulder pattern formed after breaking the neckline it ll confirm that pattern. Trend line breakout happened. All these factors will help to move further.
Targets are mentioned in Chart.
Vijayaraghavan
Kovilpatti.
ICIL inside channel trend reversalICIL has been trading in up trend channel it closed on weekend touching channel support,the stock seems to approach channel resistance from this level 210 in near term.
Cup & handle breakout It has been observed that ICIL chart Cup and Handle break out near 190, can watch near 190 to 195 for target of 240 cup length as well as previous resistance zone stop loss below 180.
ICIL showing strengthThe stock was is in an uptrend, recently following a headwind moved down. The longer term uptrend is still intact. Showed a lot of strength today and entry was made.
Immediate target 180 and stop at 164
