Weekly Chart - IOL Chemicals PharmaThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
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IOLCP trade ideas
IOLCP - A booming chemical stockRead chart well !!!
Company is almost debt free. Company has delivered good profit growth of 67.35% CAGR over last 5 years.
Company has a good return on equity (ROE) track record: 3 Years ROE 51.94%.
IOL Chemicals & Pharmaceuticals Ltd. engages in the manufacture of organic and inorganic chemical compounds.
It operates through the following geographical segments: India and Rest of the World.
The company was founded on September 28, 1986 and is headquartered in Ludhiana, India.
It is the largest player of Ibuprofen (pain killer) globally with a world market share of 35%.
IOLCP - Downtrend - Short term target 382 , may be 302 as well IOLCP had a massive run up and has been been on bearish trend after making all time high. This is a no touch stock right now, as the short term and mid term trend are bearish. It's making higher high and lower lows, one can start investing after the trend starts reversing to bullish. Volume has also died down, basically no interest from institutional investors. Don't try catching a falling knife. You can keep shorting the stocks until trend changes. I see target 382 coming and may be 302 as well.
Long on IOLCPFirst Day of breakout, wait for confirmation for 1 more trading day, if sustains the support and trendline above 686 then can enter for immediate target of 730-738.
Next Target – 779
Next Target – 800
RSI is comfortable
Volumes are good
Good Fundamentals
Medium term holding can be good for this quarter atleast
IOLCP/INR Bullish Breakout TA Update#IOLCP/INR ( India Stock )
₹IOLCP currently broke out resistance.
And I am expecting minimum 50% from here.
If I follow chart then Target will be 100% from here.
But 50% is safe side.
Entry:- below ₹680 is good entry.
Targets:- ₹788/₹895/₹1078/₹1310
Stop Loss:- ₹599
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