IOL CHEM AND PHARMA LTD
Long
Updated

Long IOl CP at 397

407
I took a pilot position at 397.5 and I will be looking to add at minor corrections

Technicals: stock quickly recovered from recent COVID-19 crash lows. It held 2019 lows and surged higher very quickly to make new highs

Fundamentals:
This stock shows good sales and profit growth.

5 years of sales growth - 24%
5 years of profit growth - 135%
Margins at a record high of 32%, although this doesn't look sustainable
TTM earnings up 57%
Trade active
Current Quarter earnings are down 10% YoY. im trading this stock with an sl of 360 at the moment. however, if the stock shows strength and turns around, i will add to my position
Trade closed manually
Closed the trade at 362. not acting well. will look for a better entry point.
Trade active
Entered at 405/410 and 425. Re-entry bcoz the stock staged a strong comeback after the selloff and its breaking out
Trade active
ripping higher. will wait for a base formation to add more
Trade active
504 today. holding on to this one.
Trade closed manually
booked full profits at 522.5

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