IOLCP
IOLCP long term (week or month) longIOCPL , showing uptrend and can long it
IOCPL is fundamentally strong stock, taking about ration ROE% = 56 and R/E is 15
Can long this
1. Buy above 200EMA
2. Buy at previous higher low candle or at lower trend line
Also examine the stock your self before investing
Leave comments for suggessions
On the verge of a Breakout of VCP Pattern off 200 days EMAIOL CP fell below it's 200 days EMA and found support in the demand zone.. Currently, the stock is on the verge of a breakout of a VCP pattern that is coming off it's 200 days EMA. Generally, a breakout that is off the 200 days moving average is expected to be explosive and with quarter results due on 4th June, could also be expected to play a role in the rally.
IOLCPNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
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Keep an eye ladies and gentlemen. Cheers and Happy Trading.
A pattern you would love to trade | Early entry in IOLCPPossible good move ahead :) Trade with less risk and more returns
If crossed the upper trendline on small time frame and remains there till closing any day = Daily breakout = upside increases and u will lose nothing :)
Trail your SL if that happens :)
Seems IOLCP have ended the corrective channel! Blast is HERE !NSE:IOLCP
I drew the channel taking in account heavy correction in NIFTY.
But as NIFTY has shown strength, tomorrow can determine if IOLCP would further correct or it's just all.
If tomorrow we see Volumes coming in and Breakout of the channel, know that the Blast is HERE!
IOLCP SHORT TERM ANALYSISGuys entry possible but high risky.
no entry @cmp
no entry @cmp
no entry @cmp
enter only if u get clear reversal.
other wise can see a good fall in the stock.
like i said it's just a beginning of something..maybe a good fall..or a sharp recovery
short term
enter if possible @ 580-550 range
strict sl 500
trgt 800-900-1000-1200 ++
once again guys strick sl @500
if the stock reject from current level or betweeen 580-90 range
it will hit 800++ sooon