IOLCP trade ideas
Resistance BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
IOL Chem - Bottomed Out?One of those successful retail stocks from 2020 which made a lot of noise and money for many people..but for those that entered late it was among the mosst hated ones.
The stock could've potentially bottomed out.
Also like Mark Minervini's 50/80 rule..this stock did significantly correct.
Long above 380 and double up above the 200EMA (395)..If like me you like larger allocations a further allocation can be taken above 420 and then let it ride.
The co has been at the bottom of its margin cycle where the margins fell from 30% to 8%..they are now working towards taking it back to 15-20%. Also they are shifting more and more away from being a 1 product company. So watch out for this co.
IOLCP LONG Term ProspectHello !!
Welcome to the update for IOLCP for long-term holding. It can show a potential rally of around 50% from here. The expected entry range should be between Rs 419 to Rs 445. The target is expected to reach around Rs 650+ within the next 2 months.
This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits.