IOL Chemicals and Pharmaceuticals Ltd
Date 12.09.2024
IOL Chemicals and Pharmaceuticals
Sector : Pharmaceuticals & Drugs
Timeframe : Weekly
Remarks :
Stock has reached at major confluence at Gann 4/1 & major support & resistance.
Trade & build long position carefully & having a right kind of quantity.
Once it exits both Gann + major s/r area then can expect good upside momentum.
Some points needs to be understand since it in news & most of people blindly follow news:
1 FII holding only 1.39% & DII holding only 0.09% - Poor
2 EPS (yoy) growth was -3.26 % which is bad for the company
3 Operating profit margin 10.86 % which is a bad sign for profitability
4 Have have a poor return on equity of 8.69 %
5 Falling sales & profit growth
Regards,
Ankur
IOL Chemicals and Pharmaceuticals
Sector : Pharmaceuticals & Drugs
Timeframe : Weekly
Remarks :
Stock has reached at major confluence at Gann 4/1 & major support & resistance.
Trade & build long position carefully & having a right kind of quantity.
Once it exits both Gann + major s/r area then can expect good upside momentum.
Some points needs to be understand since it in news & most of people blindly follow news:
1 FII holding only 1.39% & DII holding only 0.09% - Poor
2 EPS (yoy) growth was -3.26 % which is bad for the company
3 Operating profit margin 10.86 % which is a bad sign for profitability
4 Have have a poor return on equity of 8.69 %
5 Falling sales & profit growth
Regards,
Ankur
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.