IOLCP trade ideas
Consolidating with positive bias.Resistance at 209. If the resistance is crossed and the stock remains bullish, I expect an intermediate target of 329 in intermediate term. Support is at 169.
tricky situation 225 is the resistance here! closing above will open the door for a target of 320ish level. 170 is next support. so 170 is best time to buy if it comes close to it. closing below 163 will create huge downfall like no tomorrow as it will form a double top!
looking good for 320but sustaining above 215 is imp. however it can come down to 208 level n still remain bullish. so stop loss is 207 on closing basis
BullishIOL recently has crossed a strong 1/2 resistance and has been toeing short term 1/1 line. If the bullishness continues, intermediate term target will be 330, support being at 197.
IOL ChemicalsIOL Chemicals has seen a change in Daily trend along with Weekly. RSI shows a positive divergence and is in the zone of strength.
It's fundamentals too are showing strength. Suggest a Buy between the level of 76 and 73 for an short term upside target of 102.
Upward bias is seenResistance at 184.70. Support is at 150. If resistance is crossed on closing basis, target will be 256
#IOLCPGap Support above the accumulation range
Volume support
EMA (all) aligned
CCI(all) >100
SL 116
Target 157 coming soon
Buy IOL chemical on dips.As an be seen the issue favorably poised, in a strong upward move. Look for buying on dips for a positional call.
OL Chemicals - traying for dual pattern break outIn IOL Chemicals i see two types of pattern formation one is cup and handle and next is head and shoulder , for which neck line is at 117, 121 respectively
safe buy zone will be above 122 with a strict stoploss of 93 as we see many gaps in the chart and highly volatile too
target zones will be 190, 240
#IOLCPOngoing (3) of Elliot Wave
1.618 of Wave (1)
Target 114
CCI(D) >100
CCI(W) crosses 100
TGC with Strength
SL 87
IOLCPBuy on dips up to 44 with SL bellow 44, target, T1 at 102 and T2 at 150, if it crosses its all time high it will fly
Time frame depends on market condition, I think one year
IOLCP gave break out based on my weekly Aroon strategy IOLCP gave break out based on my weekly Aroon strategy with high volume and additionally channel Break out
