Swing Study- ICIL Breakout- Fight between Bulls and Bears- Wait for the win by bulls and be on their side and ride the trend Volume Spikes (only for educational purposes)
ICIL breaking above ascending triangle pattern and moving above the 3 month POC SL -272.. if the triangle breakout reverses.
Monthly and Weekly RSI Strong Above 60 52Wk High Breakout Strong Outperformance to Broad Market (CNX500) SL Trigger: 270 Trail with SuperTrend on Daily/4H timeframe as per Risk Tolerance XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX Risk Disclosure DISCLAIMER: Futures ,...
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- flag pattern , sl- 240 no target for long term. 60 to 70 % return expectation within 6 to 9 months
ICIL 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..
Script 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 ...
BUY range 140-150 agressive sl 128 daily closing conservative sl 113 daily closing target 170 210\ Disc : Educational view
double 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!
Buy with a target of 160 Rs stop around 120 Rs......
BUY ICIL @ 175 ,STOP LOSS 165 , TARGET 185-195 , DURATION 15-20 DAYS .
THUDDDD.... 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...