1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

Query regarding ,ICIL (indo count)

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

  1. inboxpankaj55

    inboxpankaj55 New Member

    Joined:
    Apr 10, 2016
    Messages:
    7
    Likes Received:
    0
    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
    Share #1
  2. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,699
    Likes Received:
    1,940
    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
    Share #2
    bnnarayana likes this.
  3. inboxpankaj55

    inboxpankaj55 New Member

    Joined:
    Apr 10, 2016
    Messages:
    7
    Likes Received:
    0
     
    inboxpankaj55, Oct 4, 2017
    Share #3
  4. inboxpankaj55

    inboxpankaj55 New Member

    Joined:
    Apr 10, 2016
    Messages:
    7
    Likes Received:
    0
    Thanks for your comments sir.
     
    inboxpankaj55, Oct 4, 2017
    Share #4
  5. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,699
    Likes Received:
    1,940
    The pleasure is all mine.
     
    shabbir, Oct 4, 2017
    Share #5
  6. bnnarayana

    bnnarayana Contributor

    Joined:
    Jun 14, 2017
    Messages:
    142
    Likes Received:
    119
    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
    Share #6
  7. bnnarayana

    bnnarayana Contributor

    Joined:
    Jun 14, 2017
    Messages:
    142
    Likes Received:
    119
    bnnarayana, Oct 5, 2017
    Share #7
    shabbir likes this.