ICL Ittehad Chemicals limited mid-term analysis 8th Dec. 2020

Rebound Insight

Our Pivot: 26.00

Our Preference: Start buying ICL above 30.40 and average it out till 28.30 with strict stop loss of 26.00 and profit target at 34.86 with extension towards 37.50.

Alternate Scenario: Downward penetration of 26.00 will call for 24.30 and 23.00.

NOTE: ICL is being supported by a rising trend line after completion of its correction of its last bullish rally.

Daily chart with supports & resistances: