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

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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:

ICL 1
Overview
Quick Snapshot
Free Float

29,645,000

O/S Shares

84,700,000

Market Cap. (m)

0.00

Var Value

22.00

Hair Cut

27.50

Last Price

26.07

Price Adjusted
52 Weeks Range

52w Low

52w High
Intraday
Pivots
Level 1st 2nd 3rd
Supports25.7425.4024.81
Resistances26.6727.2627.60
Adjusted
Price Performance
Time Frame
Price Ch
%Ch
MTD Price Return
1.76
6.34
QTD Price Return
1.76
6.34
3M Price Return
0.40
1.37
6M Price Return
4.53
18.14
9M Price Return
-1.42
-4.59
YTD Price Return
3.50
13.46
1Y Price Return
0.15
0.51
3Y Price Return
6.33
27.32
5Y Price Return
4.08
16.05

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