ICRA : ONE MORE STOCK DOUBLED

When stocks breakout, they set themselves for strong breakout move. Post Breakout – all that matters – Is stock holding up bullish structure and as long as stock does that – one should remain hopeful. Let me share one example: ICRA


UPDATE JULY 4 2014 :ICRA HIT FRESH ALL TIME HIGH 3155
TOLD TO BUY ICRA ON JANUARY 2014  @ 1500-1550 SL 1400  NO TGT WAS 
GIVEN -- THATS JUST UP BY 1600 RS IN  6 MONTHS---THAT'S WHY WE CALLED IT STOCK FOR 2014  STOCK DOUBLED % MOVE IN 6 MONTHS

I covered ICRA on Jan 07, 2014: and this is what we said to our clients ICRA was one of the 4 stock  to buy for 2014

What happened?

ICRA continued to consolidate for many weeks and finally made a move yesterday and now stock is up 100 %+ from where we covered 6 month and a half back hit 3155  mark nearly 1600 rs up 

Charts capture the fundamental developments. ICRA Breakout about 6 months back was sign of things to come and after weeks and weeks of consolidation – stock has made a move. But generally we give up on the stock that continues to consolidate for long period of time. But remember – Breakout is a sign that things are about to change in the stock for good. Sometimes, move happens immediately and sometimes it takes time. The key thing: Is the structure intact because as long as stock holds up the technical structure – one can remain bullish. 

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