Analysis:
IOL Chem & Pharma is showing signs of life after years of consolidation. A potential inverse Head & Shoulders pattern is forming with a neckline around ₹90–91.
📍 Key Levels:
✅ ₹91 – Breakout level on daily close
⚡ ₹111 – Multi-year breakout confirmation
🛡️ SL: ₹75 (below recent structure)
Volume confirmation is critical for breakout sustainability. RSI is nearing bullish territory, supporting possible upside.
🎯 Breakout Target (on confirmation): ₹135–₹150 zone
📌 Watchlist stock – Needs confirmation. Stay alert for price action around ₹91–₹111.
IOL Chem & Pharma is showing signs of life after years of consolidation. A potential inverse Head & Shoulders pattern is forming with a neckline around ₹90–91.
📍 Key Levels:
✅ ₹91 – Breakout level on daily close
⚡ ₹111 – Multi-year breakout confirmation
🛡️ SL: ₹75 (below recent structure)
Volume confirmation is critical for breakout sustainability. RSI is nearing bullish territory, supporting possible upside.
🎯 Breakout Target (on confirmation): ₹135–₹150 zone
📌 Watchlist stock – Needs confirmation. Stay alert for price action around ₹91–₹111.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.