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Trendline broken on daily chart
Target - 730
IOL Chemicals, near very strong trendline, it has retest this trendline many time, if it breaks this it can give very big move. Enter after trendline breakout on buy side.
technically stock weak if trades below 300/310 mark in coming month (long term trend)
now at 382 as its shown a steller run from 230 to 400 thus a retracement upto 300 cant be ignored
but overll current trend support a buy on dip(long term)
IOLChemical - Cmp -126, CnH -Target 169. SL -103 .Gud for investment.
As an be seen the issue favorably poised, in a strong upward move. Look for buying on dips for a positional call.