IOLCP trade ideas
Long IOL Chem&PharmaCurrent :
EPS - 78.8
2020 Profit - Rs.361 Crore
Current MP - Rs. 686
Forecast:
EPS - 80+
2021 Profit - Rs.425+ Crore
Intrinsic value share - Rs.1200+
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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IOL ChemicalsIOL chemicals very strong fundamental script. They are delivering consistent growth. Company has delivered good profit growth of 49.30% CAGR over last 5 years
Buy at CMP with the stop loss of 605 for the target of 800
IOLCP - Falling Channel BOIOLCP is looking interesting with falling price action and rising RSI levels on daily timeframe.
One can go long here with small SL of 605 DCB
- If you go on weekly charts this falling channel will form bullish flag pattern
- If broken with volumes expect the new ATH soon in this counter
Rest all the key levels are mentioned in the chart for swing trade.
IOLCP has made an Ending Diagonal in the Daily chartIOLCP is already halfway through the target... Target placed at the start of the Ending diagonal...
IOLCP Long targetsIOLCP is making higher highs and RSI also seems to be at a decent buy indication, i.e.,low.
Yesterday there was profit booking seen in IOLCP due to which price fell low to 842.
This is a stock to be bought on dips and the dip is here.
Upside targets in 3 to 4 months of 1000/1100+ may be seen according to my knowledge and hence I am adding more quantity on monday.
SOLID MOMENTUM IN IOL CHEMICALSPLEASE 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.**
