INDIANCARD is a well-established player in the Indian textile machinery industry with a strong presence in card clothing and related products. The company has promising growth opportunities driven by domestic market expansion, export potential, and diversification strategies. However, volatile profitability and competitive pressure remain key risks to...
IndianCard - Triangular pattern breakout with volume and news based. As shown in chart Indian card has taken support at the base and reversed. Also acquisition of UK based firm.Expect 20% from here.
First target 300 and second target 330.
INDIAN CARD
Stock near it's Multiyear Jan 2016 resistance level.
- Strong under current in stock.
- In market correction not participating.
- Inverted H&S pattern on daily chart.
- Stock can give good rally from this levels. Keep on radar.
-Gaurav
@investing @vivek_mashrani @forextidings @Tredingview @tradingview_ #investing
THIS CHART IS ONLY FOR EDUCATIONAL PURPOSE
TIME FRAME WEEKLY CHART
The Indian Card Clothing Company Ltd. is a Bombay Stock Exchange and National Stock Exchange listed company headquartered in Pune, India. Founded in 1955, ICC is a precision engineering company that manufactures and supplies card clothing products and carding solutions for the textile industry.
