talkonlevels

IOL Chem FlagPole breakout

Long
NSE:IOLCP   IOL CHEMICALS&PHAR
Weekly Flag pole breakout.
Support -640
Target => 800-900-1200

Only for Educational Purpose

Comments

Since the results were not good as expected, it can show a weakness in the ensuing days right? A trend reversal?
Reply
talkonlevels vinod_g_nair
@vinod_g_nair, yes, Results are not as per expectation, down on YOY & QoQ basis. But every breakout leads to retest. stock might retest near to 650 -660 levels and bounce back as the overall trend is bullish in nature. Be strict with revised stoploss of 610(WC)
Reply
vinod_g_nair talkonlevels
@talkonlevels, thank you
Reply
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