IOLCP 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.
Available at decent price after long correction
Keep an eye in coming days. Can expect good momentum after proper breakout.
IOLCP is already halfway through the target... Target placed at the start of the Ending diagonal...
IOLCP 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.
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.**
PHARMA INGREDIENT COMP IOL Chemicals and Pharmaceuticals Limited - RALLY