In the Weekly Chart of IOLCP ,
we can see that, after breakdown, it has done consolidation.
Also, Decision making candle is formed .
Enter on breaking of Candle's High with Low as SL.
Possible momentums are shown in chart.
A largest player of Ibuprofen (pain killer) globally with a world market share of 35%
Positive: MCAP>2000 Cr., CMP close to 52 week low, RoE/RoCE>=10, PEG<1, No/Low debt, PE<15, Promoter holding ++
Negative: Poor sales growth/OPM%/Net Profit/EPS, FII/DII --
Seed/support at (bottom) entry, feed time to travel, harvest on resistance.
Reason for long
a) triangle breakout
b) monthly breakout
c) weekly breakout
d) Major challenge is volume low
e) Conditions for long: Long only, If it today closing in green bull candle without any upper wick, then there is possibility of long at 3.25 PM today (20.12.2023)
g) SL compulsory
Swing Pick (1-3 Month apx)
IOL CHEMICAL & PHARMACEUTICAL (IOLCP) – {CMP-453}
Technically Very Strong
(Refer Chart)📈
Target 🎯: 25% Upside expected
SL : 410 (12% Apx)
Disclaimer🙏🙏 : This is not a Buy/Sell advice. We share what we do. Only for educational purpose. Consult your financial advisor before investing.
BUY IOLCP PRICE @ 405 120% ROI EXPECTED
Buy1 cmp entry @405
Target 1 @898
ROI 1 @120
Buy2 Pending entry @303
Target 2 @898
ROI 2 @196
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IOL Chemicals & Pharmaceuticals Ltd is poised for an upside move.
🔹Current market price standing at 472
🔹Breakout range is between 503-515
🔹Additionally, the promoters have increased their holdings in the last two quarters
🔹The balance sheet shows favorable signs
🔹Chart demonstrates the strong technicals
Before making any investment decisions, it is advisable...
Breakout trading implementation:
1. **Identifying New Trends:** Breakout trading helps traders identify the beginning of new trends by focusing on price levels where an asset breaks out of its historical trading range.
2. **Volatility Indicator:** Breakouts often occur when there's increased volatility in the market. Monitoring breakouts can provide insights...
NSE:IOLCP viewpoint
the stock had given good breakout on weekly time frame around 390 in april and made high of 469
then gave a pullback till 363
now looks set for upward journey
cmp is 394
potential to give big 50% gains in coming months
this analysis is for knowledge sharing and educational purpose .
this post is not a buy or sell recommendation.
IOLCP is currently trading at 468.
stock is trading above its 50 & 200 EMA on weekly timeframe.
It has given triangle pattern breakout with good volume.
a good upside movement is expected.
important levels are 436-433
Resistance 538 and 695
targets 580 - 740.
stoploss 358.
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before...
Book profits within the first 30 minutes of the market opening
- Try to exit by taking 9-10% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
Now, why do I prefer swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 3-4 days and the rest of the time they either...
