ICIL trade ideas
ICILOn Monthly Charts, ICIL took support exactly at FIB level.
As long as 96 is held this can bounce.
Traders should buy dips till 100.
SL 96 on Weekly close.
Expect 125/140
ICIL Intraday PlayICIL is buy for target of 115 & 119. Sl 108. Below 109 can be shorted for target of 100.
Indo Count Industries: 117.35 trend line sup, over sold: Res:160Indo Count Industries Ltd:117.35 is currently at trend line support , with highly over sold state,Res:160 stop:107
Assuming that it may be in a C leg correction doesn’t seems to be completed yet,( below 107 it can come down to 96 level)
as its 62% retracement level is 96.6 can be a good support. Good textile stock to have in ones portfolio for long term.
ICIL: Is Impact of Poor Result is Over ?Harmonic Pattern: Bullish GARTLEY.
Price Volume Action: Favours UP Trend.
In Last trading Day Close @ 117.3 (+4.3%)
Volume: Increased 68.25% more compare to Previous Trading day .
A/D: Change Status from " Distribution " to "Accumulation"
Annualized Volatility Increased to 82.53%
Trade Setup:
LONG: @ LTP + / -1% (40% of Investment)
Best LONG: @ 114.8 - @ 113.2 (30% of Investment)
More LONG: @ 110.95 - @ 109.3 (Final 30% of Investment)
Swing Target: @ 119.3, @ 120.75, @ 123 - @ 124.7 (HZ), @ 129.1
Short Term & Medium Term Target: Plotted on Chart.
SL: @ 105- (By Closing).
More Updates Later as Scenario Changes.
Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
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Indo Count IndustriesFundamentals-
1)A small cap company in the space of textiles which operates from top to bottom of business(from manufacturing to marketing).
2)Company is beating the sectoral growth rate, operating profit, sales etc YoY.
3)numbers like Operating profit, net sales are doubling YoY @>25%
4)Aggressive expansions..
Keynote-->Its a good stock that can be accumulated at every dip.
Positive News1--> THE ROYAL BANK OF SCOTLAND PLC bought 19L shares of this company in April'2017.(Source-BSE India)
Positive News2--> DSP Blackrock Small And Mid Cap Fund has 26L shares of this company.(Source-BSE India, Economic times)
CMP-178(11th July'2017)
1st target-250(6 months)
Disclaimer : I am a private Investor/trader who is just expressing his views. These are just my opinions and i am not giving any kind of free or paid calls. I am using this platform to share my knowledge and learn from other's knowledge. I might be/might not be invested in my opinions.
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ICIL - Broken supportICIL has broken it's strong support today; one can short for target of 110 Stoploss 140.
ICIL: Reversal after Ideal Prime Harmonic ABCD All plotted on Chart.
Go LONG @ 145.60 (LTP at 11.40)
More @ 140 - @ 144.70
TARGET: 154.7, @ 161, @ 166, More on Chart.
SL: Below @ 141.9 (By Closing) or @ TSL: 139.4 (which Comes first.)
Intraday / Swing TARGET:
Phase -I: @ 148.4, @ 149.75 - @ 150.7 (TFZ / HZ #1), @ 153.2 (PCL)
Phase -II: @ 155.4, @ 156.8 - @ 157.8 (TFZ / HZ #2), @ 160.4 (PCL)
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Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
ICIl at Demand ZoneInvestors, One can start to accumulate ICIL in the mentioned demand zones for a Target price of 200.
Traders can also play for bounce for Targets of 175/182
Small SL on close below:- 156
Can EXPECT NEW Count in INDO COUNT Industries.Reversing from Fib Retracement 0.382.
Entering ICHIMOKU Cloud From Below.
Technical Parameters Suggests UP Move (In Daily Time frame)
Go LONG / BUY: LTP @ 166+
More Accumulation: @ 163.50 - @ 162.5
TGT. (Intraday / Swing): @ 167.55, @ 168.3, @ 169.10 - @ 170.2 (HZ), @ 173.15+
More Plotted on Chart.
SL: 161 (By Closing) or @ 159.9- which comes First.
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Disclaimer: Only For STUDY.
For taking Trade Decision Consult Financial Advisor.
Daily Chart witnessing UP trend.
Bullish Gartley or alternate BAT on ICIL hourlyWe have potential Harmonic setups on ICIL.
Scenario 1 - If Bullish Gartley setup gets activated we can have sharp reversal on upside from the 194- 196 zone.
Scenario 2 - If we change our X point we can have a possibility of Bullish BAT setup. In that case D point can travel till 190 zone. Potential reversal area can be around 188 - 190.
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.
icilstock is in up trend
went inside the range/sideways
not at the verge of breaking out of the small range
rest explained in charts
Breakout above trend lineICIL has given breakout above trend line, use dips for entry go long for target of 210 & 220 Stoploss 198
Channel Breakout... [Bullish] getting ready for big move...ICIL has recently made a channel breakout with higher volumes it would be good pick for making positional trade......
CMP 201.5+
RSI : 65
Do your own study before making any position...
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Indo Count - Head and Shoulder pattern break out Head and shoulder pattern break out for 216-250 SL 180
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.
indo count stock is in long term up trend
short term stock corrected in the form of sideways
looks good above 199 sl 195
towards 201/203/208
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
