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varunvikraman
Jun 8, 2021 11:27 AM

IOLCP - Bullish - LT View Long

NSE:IOLCP1W
IOL CHEMICALS&PHARNSE

Description

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The trend has been broken and now retesting the trend line. A good level to buy to ride the trend.

Keep note of the stop loss mentioned in the chart.

Happy trading :)
Trend AnalysisChart PatternsIOLCPbuyiolcplongiolcpbuyLONG
Comments
Stockoholic_PearlCity
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Can you please update the analysis as of today
chandramunipandey007
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CMP is 659, how long we have to wait for near to this target ?

Your views sir !
varunvikraman
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@chandramunipandey007, It would at least take 2 months and may extend even up to 1 year. This is simple logic. We have already analyzed it in a Weekly timeframe and a profit of around 100% really takes time... At times you may even need to wait more than a year... We are nobody to time the market... We shall hope for the best, Happy trading Chandra :)
chandramunipandey007
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@varunvikraman thanks you Very much for your reply.
varunvikraman
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@chandramunipandey007, Always welcome
saikrishnannarayanan
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Sir , I have bought it around 710. Is it okay for above targets ??
varunvikraman
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@saikrishnannarayanan, No worries you can wait for the target level...
sumaypatil
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Its forming a bearish engulfing candle...what do yo think abt that??
varunvikraman
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@sumaypatil, If you are a long-term trader you can buy...
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