Technical Portfolio Guide
ICE MAKE REFRIGERATION LTD
CMP: ₹285.90
NSE Code:ICEMAKE
Is ICEMAKE a good buy at CMP for the long term? - Mehul Jagani
AVOID THE STOCK FOR NOW
This micro-cap stock has formed a bearish candle during the week and has also registered the highest volume, thus showing profit booking. First, it formed a strong bearish engulfing candle on October 31. Such several open-high and low-close candles show a lack of rhythm in the price action. Though the stock is in an uptrend, the price action is not convincing to take a position. There could be a possibility of insider trading in this stock. If you are not comfortable with such price actions, it is better to avoid the stock. The records show the company has not announced its quarterly earnings in this financial year. Simply avoid this stock.