IOLCP
IOLCP at crucial levels! | CHART#18IOL Chemicals & Pharmaceuticals Ltd. engages in the manufacture of organic and inorganic chemical compounds. It operates through two segments: Chemicals and Drugs. The Chemical segment produces and sells ethyl acetate, iso butyl benzene, acetyl chloride, and mono chloro acetic acid. The Drug segment offers a various active pharmaceutical ingredients such as ibuprofen, metformin, fenofi brate, and lemotrigine.
*Stock Analysis*
Stock has been flowing inside a descending channel (Yellow) after reaching its peak at 898.90 levels.
Sub channel has been formed inside this channel which is of opposite nature (Violet) with above average volume which indicates potential buyers around this region.
Sub channel lost its upward momentum on touching the main channel at 725 levels thus retracing to 600 levels and probably took support at trendline.
Volume spike is seen at 600 levels, RSI pointing upwards so we can establish 600 levels as Demand/Buying Zone.
Once its enters the channel (Violet), upward travel starts to 725 and 790 levels.
Coming to the fundamentals - IOLCP is a fundamentally strong company which has its roots in chemical industry.
It has a CAGR of 67%, ROE track record of 51.94% and its a Debt free company.
P/E ratio is nearly 8.54 which is less than Industrial average due to consistent increase in Earnings.
*Important Levels to Watch*
-- Entry @ above 670 levels on support
-- Target @ 725 | 790
-- SL @ 525
Notes :
FII has reduced the stake from 7.7% to 5.9% YoY. Major stake(50%) is with public. So stock can be affected by news based panic selling
India's specialty chemicals market to grow to $40 billion by 2025: McKinsey
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-- GokulHari
❗❗ Disclosure : I am not a SEBI registered analyst. The information provided here is for education purposes only. I will not be responsible for any of your profit/loss with this suggestions. Consult your financial advisor or do your own analysis before taking any decision ❗❗
IOLCP ! Good Gain Expected From here !Support Retest! Multiple Support! ALl details available in chart
IOLCP - Bullish - LT ViewThe 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 :)
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
IOL Chemicals, TrendlineIOL 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.
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.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading.
IOLCP longWatch carefully if Break yellow trendline and sustains above 670 then we can long on IOLCP
Untill n unless just watch
Risky can buy at cmp with Swing low As a SL
Note - please concern with your fianancial advisor befor taking any entry or exit
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 :)
IOLCP LONG ABOVE 666 OR 618-635Buy if sustain above 666
Best Buy between 618-636
Target - 789
SL - 588
+Crossed 200 EMA, With Huge Volume, About to break trendline of 8 month.
Only for educational purpose.
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 PositionalFlag and Pole Pattern on Weekly Chart! Go long with weekly closing above the channel.
IOLCP any doubt guysfor those who said it gonna fall.....
this is the silent answer
provided link in discrption u can check it..
we shared it on feb10
today it hitted uc.....
what i said guys......
hope boooked goood profit...
still u can buy it..trgt 1000++
