IOLCP good for swing as it is respecting the medium term support trend line and horizontal support level too.
FALLING WEDGE BREAKOUT HOPEFULLY WITHIN NEXT 3-4 WEEKS. TARGET 1 1090 TARGET 2 1360
IOL 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...
Support Retest! Multiple Support! ALl details available in chart
NSE:IOLCP Buy Breakout Failure on 588/- Looks Great
The 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 EQUITY levels ...08/06/2021 (D candle)
IOCPL , 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
Trendline broken on daily chart Go long 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.
IOL 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.
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Watch 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