Long opportunity for quick scalpFalling wedge breakout and quarterly results
Buy on pullback around 677
Target 1: 787
Target 2: 852
Profit potential of around 15% to 25%
IOLCP trade ideas
IOLCP | Based on Result & RSI DivergenceIOLCP | Based on Result & RSI Divergence. Lets see if it is giving wedge breakout. May see 17% if worked.
CMP : 670
SL : 640
Target : 780
1:3.5+ risk reward
IOL Chemicals - Flag SupportWatch for a bounce on IOL around 700. If it bounces around there and starts moving higher again it could continue its momentum.
Post the bounce Keep a SL of about 3%.
Don't forget to double down your position if and when it has a flag breakout above 840.
#IOLCP DAILY CHART VIEW!!#IOLCP DAILY CHART VIEW!!
IOL Chemicals & Pharmaceuticals Ltd. is trading below mid bollinger band.
Technical indicators are bearish.
Near by support is 711.
If price closes below 711 level near by support is 601 and if price closes above mid bollinger band 762 near by resisatcne is 860 on daily chart.
At rest for, may be, two more daysNever broke support at close and now actually is resting over it. It may take one or two days for the stock to start next up move, in my opinion.
IOLCP - Ascending Triangle FormationAll levels are given in the Chart. Its Techno-Fundamental approach. Trade will be activated only if the breakout happens.
buy IOLCP for short term gainThis is my first idea and its purely my view for educational purpose.
IOLCP can be bought at support level of 800-810 for first target of 855-960 an then second target of 910-915. I don't think it will take more than a week to reach this.
IOLCP - Long - Marabozu formationIOLCP has re started its magical up ride again after a small retrace. #Positional #Longterminvestment
Reasons for long:
1) Strong confirmation on the doji with a Marabozu formation
2)Took support from the Pivot and RSI reversing @ 60, both strong indicators of a good reversal
3)The stock fundamentally is pretty strong
Only thing to make sure, that it should open above the high of today. We don't want to start investing at O=H. Mostly gap up as it had strong momentum at EoD
#Disclaimer: Please consult your financial advisor before taking any trade. Always work with stop loss and trail diligently
Entered at lower level, this is exit plan below 580 exitEntered at lower level, this is exit plan below 580 exit
Long IOl CP at 397I took a pilot position at 397.5 and I will be looking to add at minor corrections
Technicals: stock quickly recovered from recent COVID-19 crash lows. It held 2019 lows and surged higher very quickly to make new highs
Fundamentals:
This stock shows good sales and profit growth.
5 years of sales growth - 24%
5 years of profit growth - 135%
Margins at a record high of 32%, although this doesn't look sustainable
TTM earnings up 57%
Wait for Bullish Breakout IOL Chemicals
Trend = Uptrend
Following pull back; wait for bullish breakout following blue line
Rsi - Neutral
Fundamentals
P/E - 6
Sector - Pharma
EPS - Higher than expected
Buy levels - 402
Targets - 450/520
