IOL CP fell below it's 200 days EMA
and found support in the demand zone
.. Currently, the stock is on the verge of a breakout of a VCP
pattern that is coming off it's 200 days EMA
. Generally, a breakout that is off the 200 days moving average is expected to be explosive and with quarter results due on 4th June, could also be expected to play a role in the rally.