IbankerSid

IOLCP - Long - Marabozu formation

Long
NSE:IOLCP   IOL CHEMICALS&PHAR
IOLCP has re started its magical up ride again after a small retrace. #Positional #Longterminvestment

Reasons for long:
1) Strong confirmation on the doji with a Marabozu formation
2)Took support from the Pivot and RSI reversing @ 60, both strong indicators of a good reversal
3)The stock fundamentally is pretty strong

Only thing to make sure, that it should open above the high of today. We don't want to start investing at O=H. Mostly gap up as it had strong momentum at EoD

#Disclaimer: Please consult your financial advisor before taking any trade. Always work with stop loss and trail diligently

Comments

This stock will again cross 800 or may also touch 900 levels, fundamentals are also very strong.
Reply
IbankerSid GrowMyWealth
@GrowMyWealth, Yes, looking at 900/970 levels as per harmonics as well. Fundamentals are mind blowing for them right now. Exceptional PEG ratio, revenue growth of >70%. The growth should be quick through the year.
Reply
GrowMyWealth IbankerSid
@IbankerSid, yes agree
Reply
Feels it would go up ..
Reply
IbankerSid sareenmohan
@sareenmohan, Yes. Lets try to look for an investment in this
Reply
Stockmint IbankerSid
@IbankerSid, are you suggesting a positional buy or a short term investment..kindly suggest
Reply
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