IOLCP Prediction for Swing/ Posional Trading
First breakout at Entry 1 level. Trendline breakout at Entry 2 and this entry 2 was retested . There is a resistance 531-539 level. You can enter in trade at Entry 3 level above 540. It can again come to 485-500 level or 465-468 level and will give upmove. You can also enter into the trade in these levels also or...
IOL Chemicals & Pharmaceuticals Ltd is a leading pharmaceutical (APIs) company and is a significant player in the specialty chemicals space. It serves the domestic and export market. It is the largest player of Ibuprofen (pain killer) globally with a worldwide market share of 35%.
Firstly, let's start with the concept of Elliott Wave Theory. This theory is a...
🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1 ✨Eagle eye: Sideways
2 📆Monthly: Bullish to corrective mode
3 📅Weekly: a clear bear trend is established with proper lower lows
4 🕛Daily: bear and filled out corrective move now just ready for the next impulse move in bearish side
😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: bear
6:...
PLEASE SEE CHART FOR DETAILS
BUY IF SUSTAIN ABOVE : 850
TARGET 1 : 960
TARGET 2 : 1020
STOP LOSS : 815
**These are my personal observations. Please trade at your own risk.**
