INDO COUNT INDUSTRIES LTD
Long
Aggiornato

Indocount - Ready for 4 digit share price?

314
Indo-count has broken the trendline resistance and given breakout. Also, it came down to retest and took support on the trendline and bounced back. Since this is a multi year one, it looks like at least 3X from the trendline.. which would make it close to 1100-1200 levels.

Just had a look at the fundamentals - decent promoter holding, no pledge, DER below 1, Altman Z score more than 3. PEG is less than 1. Revenue and Profit growing QoQ and YoY. I think this is good to go for a big run
Nota
Massive 15% upmove today!
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Stabilising over resistance line for sometime before upmove (hopefully!) Lets see where it goes.
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Weekly close 415. Looks like breaking out. Let's see.

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