Indo Count Industries: 117.35 trend line sup, over sold: Res:160

Indo Count Industries Ltd:117.35 is currently at trend line support , with highly over sold state,Res:160 stop:107
Assuming that it may be in a C leg correction doesn’t seems to be completed yet,( below 107 it can come down to 96 level)
as its 62% retracement level is 96.6 can be a good support. Good textile stock to have in ones portfolio for long term.

הערה:

Low was 96.1