ICIL trade ideas
Cup and handle..This pattern was plotted in June....and you can see how it has moved up..i have plotted a flag pattern also for the same stock...and posted it
ICIL for long termICIL- flag pattern ,
sl- 240 no target for long term. 60 to 70 % return expectation within 6 to 9 months
Flag pattern - and upward movementICIL has broken out of a flag pattern...potential to reach 199, 208...This is not an advice to trade, just an idea.
ICIL has grown 358% in one year..
INDO COUNT - ICILScript is showing good promise with weekly and daily breakout over the marked levels.
Volumes are more than average and if it sustains this breakout then with a stop loss of 161 it can be bought for targets of 200-205
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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Indo Count Industries Ltd.BUY range 140-150
agressive sl 128 daily closing
conservative sl 113 daily closing
target 170 210\
Disc : Educational view
Bottom fishing here in indocountdouble bottom being respected here along with trend line convergence.. can be bought here with a stop loss 30 bucks.. risk=4 bucks.. buy 40% quantity now
targets of 45,then 70 bucks!
RUNNING IS ALLOWED BUT NOT JUMPINGTHUDDDD.... BIG FALL FROM THE CLOSE BUT JUMPING IS NOT ALLOWED. RETRACEMENT IS REQUIRED. TOUCH THE LINE AGAIN AND RESTART THE JOUNEY DOWN SOUTH IN THE DARK HOLE. RETRACED FROM 161. AND WILL CONTINUE TO 181.60. ALWAYS LOOK FOR FALSE BREAKS AND THE RETRACEMENTS...
