Analysis of IOLCPHere is a good opportunity in both sides. But for up side there is strong resistance, watch it carefully.
IOLCP trade ideas
Profit of IOLCPI made the analysis of IOLCP on 19th may. But I was waiting for an entry point. Yesterday around 2pm I placed entry and today I book profit. What I am trying to say is that, even your past analysis can give you good profit, you just need to wait until market gives you a perfect point to enter. Also see my post of 19th May analysis of IOLCP.
Everything is for education only.
Analysis of IOLCP for 19th MayAs we can see their is a good opportunity for trade. So wait for breakout then trade.
If you see my earlier post of IOLCP, the chart is same but analysis is different.
iolchemicals levels 4investor n trader
technically stock weak if trades below 300/310 mark in coming month (long term trend)
now at 382 as its shown a steller run from 230 to 400 thus a retracement upto 300 cant be ignored
but overll current trend support a buy on dip(long term)
Analysis of IOLCP Breakout and retesting good set up for trade.
All charts are for educational purpose only.
IOLCP possible Elliot WaveIOLCP Might be correcting in the coming time and them move up again as per the Elliot Wave analysis. NOTE: I am learning Elliot Wave analysis and fellow members, please review
do u mind if i set a target of 380??Disclaimer:I am NOT SEBI registered. THE OPINION GIVEN OR THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
perfect trade to longiocp is the chemical compay good for long term as well as can take trade for swing
BullishYesterday it returned from resistance line and is likely to pierce through resistance and descending line's confluence on 4th March if not earlier. Strong support around 160, having made a number of lows at this price range
In consolidationConsolidating around 4/1 support. Support at 170, target around 215 in intermediate term.
#IOLCP#IOLCP Strength candle C > than 209.85 on Weekly basis required for uptrend, currently in sideways action and fizzle momentum unless 209.85 is reached
BullishIOL has broken out today. Subject to closing above 222 today and it remaining bullish, intermedite target will be 375-400 in intermediate term. There is no barrier in between as per my opinion.
29th May is an important dateOn 29th May if it is able to cross 209.80 on closing basis, it will be in an unchartered bullish zone.
Holding supportPresently it is holding support and if it continues to do so with some bullishness, so that it crosses 200 by June end, then a fresh break out can be seen
BullishSort term support at 184, strong support at 170. Resistance around 230, intermediate / long term target 400
