KetanM

Multiple patterns in IOLCP chart

Long
NSE:IOLCP   IOL CHEMICALS&PHAR
1259 views
27
IOLCP is trading at an important zone of long run TL and recent resistance. Also cup and handle pattern with price closing near neckline. Recent volumes are also good. This can be good for swing or positional long with target as mentioned, following a proper risk management strategy.

Comments

Is it correct sir Fibo 0.5 support and flag pole
+4 Reply
KetanM ankitwarade023
@ankitwarade023 yes. Respected 0.382 and 0.5 of retracement.
+2 Reply
Looks good but it will face resistance at swing highs to reach target and can reverse back . How to take care of that where to exit in that case ?
+1 Reply
@rahulverm Should enter only upon breakout and closing above neckline, and consolidation near BO level is a good sign for stronger breakout many times.
Reply
How long would it take to hit the target? Timeframe?
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter