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.
ICIL Cup & Handle Breakout & Retest Done and there is also breakout in daily time frame, volume is also high, looking al the patterns it can give good return
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.
Date : 25-02-2024
Buy ICIL above 327
Target of 357-409-565-627
SL 195
Strategy : SBO + RSI > 60 + EMA above 20, 50, 200
Duration few Weeks to Months
Please consult your financial advisor before investing
All research for educational purposes only.
Stock is ready to cross past barriers with good volumes
Company Overview:
Indo Count Industries Limited (ICIL) is a leading manufacturer and exporter of bed linen and other home textile products. The company has a strong presence in the global market and is known for its high-quality products and innovative designs.
Technical Analysis:
- Cup & Handle Breakout with Very High Volume: ICIL has recently broken out of a...
Fundamental good stock given breakout
Target : 465+ (short term)
SL: 299
> Accenture to enhance Indo Count's biz operations using digital technologies
> Durability and Valuation are upto mark.
One can hold this stock for long term in textile industry.
Stock is trading at 309.7. It has completed the CUP pattern(almost 2 years). weekly closing above 318 can move the stock Higher .
This is not a stock recommendation .
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...
Stage 2 starting?
From concall: Home textile companies gaining market share:
See, as we are all mentioning about China + 1, China has faced dual problems. One is the duty tariff which U.S. increased. And the other was the Xinxiang cotton. So they lost the ground in - - as far as cotton is concerned, into convincing the buyer to buy from them.
Secondly, on the...
Friends, as our markets have given a positive breakout and closed above the previous life high on weekly closing basis. Therefore I am expecting this bullisness to continue for the comming months and thus we can see a good appriciation in the Midcap and Samallcap Stocks going ahead.
Presenting a Fresh bullish Flag and Pole Breakout on Daily TF with good volume....
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...
