F&O losers-ICIL heading towards targets 860-780

Indo Count Industries Ltd stock chart Indo Count Industries Ltd stock is trading at 881 with almost 3% loss. Stock is top loser in future and option segment.   Technically stock is in downtrend and heading towards major supports to test them. For month of June, ICIL stock below 970 was bearish and targets are 860 and then 780.   We can expect today lower levels up to 860 and if slips below it then next target will be 780. On long term chart, fresh breakdown is seen below 950 levels for downside target of 780 and below.

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Pramod Baviskar

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