As per my wave analysis, it seems there is a good potential for BUY in this stock..
Let the price BO the white TL with a large candle and close above the TL and then buy on a small flag in 1HTF..Till then do not buy.
Will keep you updated..
NSE:ICIL Breakout has occurred on daily charts from ascending triangle with high volumes.
As per measured move we can see a target of around 30 points ie 160 levels.But as the price is very near but below its 200 period EMA and support turned resistance zone at 135 , it may see some consolidation or throwback to breakout levels. So we can put this script in radar...
For wealth accumulators
Accumulate ICIL in range 117-123 stop below 105 Targets 170-190
Rationale: Ascending triangle @ 78.6% retracement
of 51 to 246, Bullish divergence
Add further on close above 136