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Query regarding ,ICIL (indo count)

Discussion in 'Technical Analysis' started by inboxpankaj55, Oct 4, 2017.

  1. inboxpankaj55

    inboxpankaj55 New Member

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    Hi Shabbir sir please suggest how ,ICIL looks from here. Can i invest for long term basis? More then 3 years.
     
    inboxpankaj55, Oct 4, 2017
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  2. shabbir

    shabbir Administrator Staff Member

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    Technically I don't see any reason to be investing in this stock at around 98 levels because it has been making a lower top lower bottom since 210 and I don't see any major support level for this stock before 70ish levels. Let us see a bottom formation pattern or trend reversal first.

    Fundamentally the stock really looks good from the past numbers and growth figures but I have my doubt it can continue at such a good growth rates for the coming years and that is the reason for the correction that I see it now.
     
    shabbir, Oct 4, 2017
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  3. inboxpankaj55

    inboxpankaj55 New Member

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    inboxpankaj55, Oct 4, 2017
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  4. inboxpankaj55

    inboxpankaj55 New Member

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    Thanks for your comments sir.
     
    inboxpankaj55, Oct 4, 2017
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  5. shabbir

    shabbir Administrator Staff Member

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    The pleasure is all mine.
     
    shabbir, Oct 4, 2017
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  6. bnnarayana

    bnnarayana Contributor

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    Today it has taken support@98 and CMP is 99, let us watch for few more days for break out in trend.

    Sent from my Le X526 using DIY Technical Analysis mobile app
     
    bnnarayana, Oct 4, 2017
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  7. bnnarayana

    bnnarayana Contributor

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    bnnarayana, Oct 5, 2017
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