ICIL - Indo Count on the verge of breakout

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Indo count is on the verge of a breakout. Indications are coming in various ways that stock is gearing up for a big breakout . Today , Stock price was closed crossing the previous month high of 301.05 by 3.17%. Stock has formed a bullish candle ,Stock volume increased by 13.4 times vs 5 day average. RSI is above 60. Stock has touched its 200 DEMA. Only one indicator , which is still negative is the RS vs Nifty but its inching towards positive territory.

Watch this stock in coming days , it has a potential to touch its last swing high of 350.00 in coming week. once crossed that 390 would be next target.

Disclaimer – Views on this Blogs are my personal views and should be used only for Educational Purposes. These are not suggestion or recommendations for Investment or Trading.

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