Ice Make Refrigeration Ltd.Zaktualizowano 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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Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.