IOLCP trade ideas
A pattern you would love to trade | Early entry in IOLCPPossible good move ahead :) Trade with less risk and more returns
If crossed the upper trendline on small time frame and remains there till closing any day = Daily breakout = upside increases and u will lose nothing :)
Trail your SL if that happens :)
Seems IOLCP have ended the corrective channel! Blast is HERE !NSE:IOLCP
I drew the channel taking in account heavy correction in NIFTY.
But as NIFTY has shown strength, tomorrow can determine if IOLCP would further correct or it's just all.
If tomorrow we see Volumes coming in and Breakout of the channel, know that the Blast is HERE!
IOL Chemicals & Pharmaceuticals is trapped in Corrective ChannelNSE:IOLCP is undergoing its correction and I see more downside in the stock.
It has given some stellar returns in the past and a corrective pause is inevitable.
Patiently waiting for the price to visit the price reversal box drawn in the chart
IOLCP looking good to buy above 587 with RSI Divergence As we look at the daily chart its showing that it has retraced 50% , now it is ready to move upside. If we look at 30 min TF its showing nice pattern of parallel channel and with RSI bullish divergence we can trade with the confirmation. For more confirmation it has formed inverted head and shoulder pattern on lower TF as well.