All Time High Breakout (Monthly Chart)📌 Current Level: 105 (0.786 Fibonacci)
The market is hovering near this critical resistance level. A break above could signal bullish momentum.
📌 Upside Targets: 150 / 170 / 200
If the level of 105 is breached, these are the key retracement levels where price may find resistance next.
📌 Stop Loss: 74 (0.382 Fibonacci)
If the market reverses and falls below this level, it indicates a potential bearish move, making this a safe exit point.
International Conveyors Ltd.
No trades
In-depth trading ideas
Another multibagger ? Start of wave 3 the best place to be Details marked in the chart
After completing wave 2, a FLAT correction with a strong B wave at around 60 in March 2025, the impulse move of wave 3 started.
Currently its wave 3 in progress the best place to be as per Elliot Wave theory and in the weekly chart it broke out with a closing above the counter trend line, which is bullish.
Should give multi bagger returns in the next 3 years.
CMP 94. Target 1 = 180 Target 2= 260
My view will be invalidated if it breaks 75 on a weekly closing basis.
Disclaimer:
1. I do not own this stock in my portfolio
2. This is not a trade recommendation but a study on Elliot Wave Analysis.
INTL CONVEYORS by KRS Charts8th Oct 2024 / 10:02 AM
Why INTL CONVEYORS ❓
1. Fundamentals are Good despite having Low Stock Price and P/E Ratio is under 10. ⚡
2. Accumulations are visible at bottom side multiple times ❗
3. Golden Zone is satisfying on 1W TF and Now retesting Price on Resistance as well as on Golden Zone 🔅
4. In Feb 2024, Big Green Candle with Strong Volume justified as a Buyers Trap ✅
5.Also, for more Bullish Support, +OB with FVG is also visible as we can see in Chart. 📊
6. Today in 1D Price is at 100 EMA underneath 📌
Target for INTLCONV will be ~124 Rs Short Term and Further will be Revealed Later 👍
*International Conveyors cmp 99.45 by Weekly Chart view since it*International Conveyors cmp 99.45 by Weekly Chart view since it listed*
- 88 to 91 Support Zone Price Band
- Price breakout by heavy surge in the Volumes by demand based buying on this stock counter
- Back to Back Rounding Bottoms with Neckline at Support Zone followed by breakout recently
- Weekly basis Support at 88 > 76 > 66 with the Resistance at 110 >>> ATH 1245.75 price levels
International Conveyors LtdInternational Conveyors Ltd
Incorporated in 1973, International Conveyors Limited (ICL) is engaged in the manufacturing and marketing of solid woven PVC covered conveyor belts. These belts are fire retardant, antistatic and are mainly used in underground mines for transportation of minerals such as Coal & Potash .
FUNDAMENALS:
Market Cap₹ 651 Cr. Current Price₹ 103
ROCE 23.8 % ROE23.8 %
Debt to equity0.46 EPS₹ 12.6
Promoter holding 68.6 %
Quick ratio 0.90 Current ratio1.08
Profit Var 3Yrs 51.7 % Sales growth 3Years-7.51 %
TECHNICALS:
RSI POSITIVE AND ENTER IN MOMENTUM ZONE.
LONG TERM BULLISH PATTERN
INTLCONV : Inverse Head & Shoulder pattern#INTLCONV #patterntrading #breakout #swingtrading #momentumtrading #stocksinfocus #stockstotrade #stockstobuy #stockstobuy
INTLCONV : (1-3 Months)
>> Breakout Candidate
>> Inverse H&S Pattern
>> Low Risk High Reward Trade
>> Good Strength & Volumes
>> Techno-Funda Stock
Swing Traders can lock 10% profit & keep trailing
Please give a Boost or comment if u r Liking the analysis & Learning from it. Keep showing ur Love by following
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
Why it came down ?When wee look into extended chart from daily to weekly
for Daily the profit booking area was 106 some, institutional sold their stake in the open market at that level dragged due to negative impact.
when I see on the weekly chart breakout was not happened with the full strength candle even though the stock gained volume at the breakout level once again it will retrace at 75 more possibility you can exit your positions at 94 and grab the opportunity at 75 to 80 level for long positions.
I'm not financial advisor
trade based on your own risk because you not going to share your profit with me, profit or loss it's upto you.
INTLCONV For Swing TradingINTLCONV Prediction for Swing/ Positional Trading
You can entry into trade above 99 or according to your experience.
Sls- according to you RRR.
Targets-105,110,123,135,148,160,175,185,200,212,225,238,… (more will be updated later if need )
According to your “STOMACH” book your profit. Always maintain your risk management.
Watch Carefully – The Chart Explains For Itself.
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About INTLCONV –
International Conveyors Ltd. engages in the manufacturing and marketing of solid woven fabric reinforced PVC impregnated and PVC covered fire retardant, and anti static conveyor belts. It operates through Conveyor Belting, Wind Energy, Trading Goods, and Unallocated Corporate segments. The Conveyor Belting segment is involved in the manufacturing and sale of PVC Conveyor Belting. The Wind Energy segment includes generation, supply and sale of Wind Power (Electricity). The Unallocated Corporate segment focuses on the corporate, administrative, and financing activity. The company was founded by Rajendra Kumar Dabriwala on June 18, 1973 and is headquartered in Kolkata, India.
INTLCONVLooks Good on Weekly Time Frame.
Wait for a closing above 93.90
To initiate a Trade,
Use Bearish Engulfing Strategy To find STOP LOSS.
And Since Stock is trading very close to all Time High, one can go with 1:1 RR Approach.
*Blue Line represent Hidden Line, which may acts as a resistance.
No call/Tip
(Just for knowledge)
INTLCONV Bullish; above 94 on Thursday 16 Nov. The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading Strategy:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday.
"High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders book profits at this stage
Stop Loss: @ "Open" price of the day OR "Breakoutprice"
This do not constitute, financial, investment, trading, or other types of advice or recommendation.
Resistance breakout btstPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
INTERNATIONAL CONVEYORS - BULLISH BULLISH BREAKOUT
ONE CAN BUY AT CURRENT LEVELS FOR LONGTERM WITH SL OF 65.
STOCKS HIGHLIGHT
1. India’s only Listed player in PVC Conveyor Belting.
2.Strong Balance sheet.
a) ROE = 10.8%
b)ROCE =13.6 %
C)Positive EPS 1.17
3.Strong Order Book Visibility, well diversified.
4.Promoter holding increased.
INTLCONV | Good for Long NSE:INTLCONV
Cmp : 86.5
Try if managed to Closing Above 86.70
#Study, Learn & Earn.
If you love this post please like and comment your thoughts below. That will be a great motivation for me to post similar ideas ahead.
Disclaimer: All the information posting on this page are for the educational purpose only, we are not SEBI registered financial advisor. We wont recommend any BUY/SELL of stocks. Contact your financial advisor before taking any action.






















