ICIL Shows little bit Reversal. Have a eye on it.

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🟢 Chart Overview – Indo Count
Current Price: ₹270.90

Change: -₹20.90 (−7.16%)

Volume: 4.61M, extremely high compared to 50-day average of 774K

🔍 Key Technical Observations
Observation Insight
🔻 Sharp Drop Today Price crashed ~7% with massive volume. A panic/fear-based move is likely.
🟩 Support Zone Tested Price touched the ₹245–265 green support zone, which has held strong since Dec 2023.
🔼 Intraday Reversal Wick Long lower shadow shows demand came in near support. This is a bullish sign if followed up by a green candle.
📈 Volume Spike One of the highest volumes in the past year, usually indicating capitulation or smart money accumulation.
📊 GK Wealth Creation Indicator Band extremes show price is hitting lower volatility thresholds, often coinciding with reversal areas.

📌 Key Levels to Watch
Type Price Range
✅ Major Support Zone ₹245 – ₹265
⚠️ Immediate Resistance ₹295 – ₹305
🟢 Bullish Signal Strong close above ₹285 with volume
🛑 Bearish Breakdown Close below ₹240 = major structure break

🧠 Strategy Suggestion
🔁 Swing Trade Possibility
Position Entry Range Stop-Loss Targets Confidence
Long ₹255–₹270 ₹238 ₹295 / ₹310 Moderate (needs confirmation tomorrow)

Wait for a green bullish candle with above-average volume before entering.

🧩 Summary
Metric Status
Trend Bearish short-term, but at support
Volume Extremely high – possible turning point
Structure Holding previous support zone
Reversal Signs Present but needs confirmation
Risk Level Moderate-High (tight stop essential)

Pernyataan Penyangkalan

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