IOLCP - Buy Ideayou can think of buying IOLCP becuase it has strong momentum and can move great heights for a short term, might hover around green line but keep stoploss when price closes below green line, Happy Trading :)
IOLCP trade ideas
Bounced exactly from levels givenBounced exactly from the levels given 540 was the best level
It can start its new journey
Possible trade in IOL chemicalsWe say history repeats itself.. We have seen reversal from 540-550 levels in IOL CHEMICALS.. Its a high demand zone if we see volumes at these areas are also high. Go long if you see any green candle
IOLCP i placed buy limit on 594/- NSE:IOLCP Looks breakout is confirmed ! i love to place a Buy limit order on 594/-
IOLCP SWING IDEA IOLCP took support of the trend line today and closed above horizontal support too. Looks good for swing.
700-715 zone can be target as it is acting as a resistance.
IOLCP Swing IdeaIOLCP good for swing as it is respecting the medium term support trend line and horizontal support level too.
IOLCPIOLCP: Looking Good
Symmetrical Triangle Pattern Bottom Level Sustaining/Closing Above 650
Buy Below/CMP 644.40
IOL Chemical hovering within range..Can breakout and breakdown.. Waiting for it to close above 700 levels for an entry
IOL Chemical and Pharmaceuticals still in a range...THe stock is trading at 646.75 and is within a triangle pattern.RSI is still below 65 although rising gradually. The stock is gradually moving up in a channel and will move upwards once it crosses 681 levels. So just watch out !!
IOLCP at crucial levels! | CHART#18IOL Chemicals & Pharmaceuticals Ltd. engages in the manufacture of organic and inorganic chemical compounds. It operates through two segments: Chemicals and Drugs. The Chemical segment produces and sells ethyl acetate, iso butyl benzene, acetyl chloride, and mono chloro acetic acid. The Drug segment offers a various active pharmaceutical ingredients such as ibuprofen, metformin, fenofi brate, and lemotrigine.
*Stock Analysis*
Stock has been flowing inside a descending channel (Yellow) after reaching its peak at 898.90 levels.
Sub channel has been formed inside this channel which is of opposite nature (Violet) with above average volume which indicates potential buyers around this region.
Sub channel lost its upward momentum on touching the main channel at 725 levels thus retracing to 600 levels and probably took support at trendline.
Volume spike is seen at 600 levels, RSI pointing upwards so we can establish 600 levels as Demand/Buying Zone.
Once its enters the channel (Violet), upward travel starts to 725 and 790 levels.
Coming to the fundamentals - IOLCP is a fundamentally strong company which has its roots in chemical industry.
It has a CAGR of 67%, ROE track record of 51.94% and its a Debt free company.
P/E ratio is nearly 8.54 which is less than Industrial average due to consistent increase in Earnings.
*Important Levels to Watch*
-- Entry @ above 670 levels on support
-- Target @ 725 | 790
-- SL @ 525
Notes :
FII has reduced the stake from 7.7% to 5.9% YoY. Major stake(50%) is with public. So stock can be affected by news based panic selling
India's specialty chemicals market to grow to $40 billion by 2025: McKinsey
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Happy Trading :)
-- GokulHari
❗❗ Disclosure : I am not a SEBI registered analyst. The information provided here is for education purposes only. I will not be responsible for any of your profit/loss with this suggestions. Consult your financial advisor or do your own analysis before taking any decision ❗❗
#iolcp #positional buy#pattern breakout. #bullish vie.
#Buy Iolcp for the targets and Sl mentioned in chart
Short Term pick up ✌✌✌This scrip is forming triangle pattern in weekly Time Frame and it is expected to give Breakout. So traders keep on your radar to catch the momentum and Enjoy the profit.
