Ice Make Refrigeration Ltd.Telah dikemas kini ICEMAKE at a Critical Decision Zone | Support Test in Progress
ICEMAKE is currently approaching a make-or-break zone, where the next move will likely define the short-term direction.
After a strong long-term uptrend, the stock is now showing short-term weakness, drifting towards a key support area.
🔍 Price Action Breakdown
• Price is testing a crucial support zone around ₹755–₹765
• This zone aligns with previous demand + long-term structure support
• The stock is forming lower highs, indicating weakening momentum
📊 What’s Happening Now?
• The recent decline is happening with low participation, showing lack of strong buying interest
• No visible aggressive demand near support yet
• Price is slowly drifting down — not a strong panic fall, but also not a confident hold
⚖️ Key Levels to Watch
🔹 Support: ₹750 – ₹760
🔹 Resistance: ₹840 – ₹850
📈 Possible Scenarios
✅ Bullish Case:
If price holds this support and shows a strong bullish reaction, we may see a bounce towards ₹840+
❌ Bearish Case:
If price breaks and sustains below ₹750, it can lead to further downside towards ₹700–₹720 zone
💡 Trading Insight
This is not a confirmed reversal yet —
it’s a stock approaching support with weak structure and low demand visibility
📌 Strategy
• Fresh buying only above ₹850 breakout
• Existing holders should keep a strict eye on ₹750
• Avoid early entries — let the market confirm
📊 Final Verdict: WAIT & WATCH
Patience is key here. Let price react first, then act.
💬 What’s your view?
Support hold karega ya breakdown aayega? Comment below 👇 Market Insights by Ayushi Shrivastava | NISM-Certified Research Analyst
After a strong long-term uptrend, the stock is now showing short-term weakness, drifting towards a key support area.
🔍 Price Action Breakdown
• Price is testing a crucial support zone around ₹755–₹765
• This zone aligns with previous demand + long-term structure support
• The stock is forming lower highs, indicating weakening momentum
📊 What’s Happening Now?
• The recent decline is happening with low participation, showing lack of strong buying interest
• No visible aggressive demand near support yet
• Price is slowly drifting down — not a strong panic fall, but also not a confident hold
⚖️ Key Levels to Watch
🔹 Support: ₹750 – ₹760
🔹 Resistance: ₹840 – ₹850
📈 Possible Scenarios
✅ Bullish Case:
If price holds this support and shows a strong bullish reaction, we may see a bounce towards ₹840+
❌ Bearish Case:
If price breaks and sustains below ₹750, it can lead to further downside towards ₹700–₹720 zone
💡 Trading Insight
This is not a confirmed reversal yet —
it’s a stock approaching support with weak structure and low demand visibility
📌 Strategy
• Fresh buying only above ₹850 breakout
• Existing holders should keep a strict eye on ₹750
• Avoid early entries — let the market confirm
📊 Final Verdict: WAIT & WATCH
Patience is key here. Let price react first, then act.
💬 What’s your view?
Support hold karega ya breakdown aayega? Comment below 👇 Market Insights by Ayushi Shrivastava | NISM-Certified Research Analyst
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Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.