ICIL (Indo Count Industuries) : ATH Breakout with volumes
Updated
Stock is in consolidation for long near ATH before breakout.
Classic pattern of accumulation before good BO. in one sense it is also giving a Flag and pole breakout.
Now as we can see the weekly candle is closed above ATH. Stock can move from here.
Entry above Week high and Stoploss can be kept below low of same weekly candle.
DISC: Only for educational purposes.
Classic pattern of accumulation before good BO. in one sense it is also giving a Flag and pole breakout.
Now as we can see the weekly candle is closed above ATH. Stock can move from here.
Entry above Week high and Stoploss can be kept below low of same weekly candle.
DISC: Only for educational purposes.
Trade active
Note
SL can now be trailed to 280 level as that is the new swing low.Note
SL trail to 356 level now.
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