◾BULISH FLAG PATTERN ON WEEKLY CHARTS OF IOL CHEMICAL AND PHARMA
◾Reversal possible
◾Support @ 512
◾If breaks 512 levels on weekly basis then exit
◾Buy at cmp as well as accumulate in dips until it hold 512 levels
◾On fundamental side company has good ROCE and ROE numbers with reduction in borrowings
◾Allocate not more than 5% Capital as it is small cap And can be highly volatile
◾Reversal possible
◾Support @ 512
◾If breaks 512 levels on weekly basis then exit
◾Buy at cmp as well as accumulate in dips until it hold 512 levels
◾On fundamental side company has good ROCE and ROE numbers with reduction in borrowings
◾Allocate not more than 5% Capital as it is small cap And can be highly volatile
Comment:
Today is its quaterly result...so if not comfortable take position after its quaterly results
Order cancelled:
Quaterly results are not looking promising ...so plz avoid this trade