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.
7 Months of Bullish Flag, gets a breakout and a nice retest .!
This is only my personal view
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
Long ICIL back in action in 2 week
INTRADAY TRADE (TRADE FOR TOMORROW | NOVEMBER 5th, 2018) ICIL #SELL BELOW 66.25
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.
All 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 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.
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.
The 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