ICIL is in Bullish trend, initially formed Head and shoulders (Cup and Handle also can be seen) and successfully done breakout and resulted very high now Resistance breakout after completing the recent retracement and creating new support and resistance.
Good Above Entry level
All levels marked on chart
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.
Moving along with sector.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the...
Indo Count Industries is involved in the business activities of Manufacture of bedding, quilts pillows, sleeping bags etc..
The Stock broke out of a multi year resistance, completed its retesting and is ready to for targets. The RSI is perfectly placed at 65 levels indicating a good time to enter into the stock.
The Company has posted excellent results in Q2 &...
