Buy ICSA for target of Rs 158: IIFL

MUMBAI: IIFL has advised traders to buy ICSA for target of Rs 158.

“On the daily chart, ICSA has given a bullish breakout. It suggests that its short-term trend has turned up. Over the last three weeks, the stock was consolidating in the range of Rs 140-148. On Monday, the stock advanced from the low of Rs 144.

The upmove was well supported by healthy volumes, which suggest accumulation. Further, supportive technical oscillators are also positive. We recommend traders to buy the stock above Rs 150 for an initial target of Rs 158. It is advisable to maintain a stoploss of Rs 147,” the report said.

Note: Trading idea valid for time-period of 1-3 days.