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Stock analysis Indo Count Industries Limited ICIL

More indepth analysis on MunafaSutra.com

Moving Averages for Indo Count Industries Limited

  • 5Day Average: 365.57
  • 12Day Average: 379.3
  • 20Day Average: 389.79
  • 50Day Average: 395.14
  • 100Day Average: 388.83
  • 150Day Average: 379.44
  • 200Day Average: 357.44

ICIL Indicators & signals

Indicator MACD (12,26,9)

376.6, 387.74, -6.48
Indicator MACD is in negative zone

Indicator ADX (14)

55.88, 7.53, 26.6
Indicator ADX is indicating that momentum is still strong.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 56
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of ICIL Indo Count Industries Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
08 Tue Oct 2024 356.50 342.00 to 358.80 1.76% 0.89 times
07 Mon Oct 2024 350.35 342.00 to 365.00 -4.28% 2.22 times
04 Fri Oct 2024 366.00 360.80 to 375.20 -1.39% 0.69 times
03 Thu Oct 2024 371.15 368.85 to 382.00 -3.31% 0.61 times
01 Tue Oct 2024 383.85 368.05 to 385.20 -0.22% 2.02 times
30 Mon Sep 2024 384.70 378.55 to 390.95 -1% 0.43 times
27 Fri Sep 2024 388.60 384.05 to 394.00 0.66% 1.66 times
26 Thu Sep 2024 386.05 382.60 to 392.50 -1.01% 0.41 times
25 Wed Sep 2024 390.00 388.00 to 400.45 -2.66% 0.41 times
24 Tue Sep 2024 400.65 380.65 to 403.00 4.65% 1.07 times
23 Mon Sep 2024 382.85 381.60 to 396.30 -2.07% 0.47 times
20 Fri Sep 2024 390.95 383.45 to 398.75 0.79% 0.61 times

Technical analysis forecast for Indo Count Industries Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Indo Count Industries Limited ICIL at this time. Stock is falling and might fall more.

It appears as if Indo Count Industries Limited ICIL gave a large move recently.

Stock of Indo Count Industries Limited (ICIL) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Indo Count Industries Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Indo Count Industries Limited stays below 366.8, but if it comes above 366.8, then a intra day buy could be more profitable.
If you take a sell trade below 366.8, then use 366.8 as stoploss and 345.6 as target. However if you take a buy trade in Indo Count Industries Limited, then use 366.8 as stoploss and 384.44 as target.

More indepth analysis on MunafaSutra.com