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.
IOL CHEMICALS - NEAR DEMAND ZONEIOL Chemicals seen strong holding the major support trend line.one can go long near to the support with stops below support zone.
this analysis is for educational purpose only.
we are not SEBI registered, kindly contact your financial advisor before taking trade.
IOLCPIOLCP - Uptrend
Above 50 Moving Average
RSI - @ 59.33 which is good
MACD - uptrend
1st Target - 620 Next target 630
Incase there is a fall There is good support at 596
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iolcp its in consolidation from a long time , it may give a good move upside after the trendline breakout .
IOL CHEMICALsStocks now break the trendline
Bullish trend start according to me
Target mentioned in chart
Bullish on IOL Chem(Daily)
- Change of Polarity ↕
- Symmetric triangle pattern breakout
- closed above 200 MA
IOL CP on verge of BOIOLCP, one of the favourites in Chemical sector, is awaiting volume confirmation,once it starts upward journey can give handsome return
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.
