#IOLCP - Short Term Swing Trading Opportunity !
CMP – 644.40 (9/8/2021)
(Must read Thread Thread for #TA learners)
@caniravkaria @Arpit1223 Fundamental Views Invited.
CMP – 644.40 (9/8/2021)
(Must read Thread Thread for #TA learners)
@caniravkaria @Arpit1223 Fundamental Views Invited.
1⃣
#IOLCP manufactures & sells bulk drugs & organic -inorganic chemical compounds in India & internationally.
Company offers APIs such as ibuprofen, metformin hydrochloride, lamotrigine, fenofibrate & clopidogrel bi sulphate.
It also provides specialty industrial chemicals.
#IOLCP manufactures & sells bulk drugs & organic -inorganic chemical compounds in India & internationally.
Company offers APIs such as ibuprofen, metformin hydrochloride, lamotrigine, fenofibrate & clopidogrel bi sulphate.
It also provides specialty industrial chemicals.
2⃣
After a massive run from March 2020 to December 2020, #IOLCP has gone into consolidation phase.
#TechnicalAnalysis #IOLCP #StockMarket #Trading #SwingTrading
After a massive run from March 2020 to December 2020, #IOLCP has gone into consolidation phase.
#TechnicalAnalysis #IOLCP #StockMarket #Trading #SwingTrading
3⃣
Since February 2021, #IOLCP has been stuck between a horizontal #Resistance & rising #Support.
It is stuck in an #AscendingTriangle like pattern.
An ideal candidate for #SwingTrading.
@Arpit1223 @rohanshah619 (views invited)
Since February 2021, #IOLCP has been stuck between a horizontal #Resistance & rising #Support.
It is stuck in an #AscendingTriangle like pattern.
An ideal candidate for #SwingTrading.
@Arpit1223 @rohanshah619 (views invited)
4⃣
Three Black Crows (bearish pattern) forming near #Support followed by a #Doji indicates that bears are loosing strength.
Fall in Price is accompanied by Volume Contraction.
Bounce back on cards.
@chartmojo - Author of #PriceActionTrading📗 (Views Invited)
Three Black Crows (bearish pattern) forming near #Support followed by a #Doji indicates that bears are loosing strength.
Fall in Price is accompanied by Volume Contraction.
Bounce back on cards.
@chartmojo - Author of #PriceActionTrading📗 (Views Invited)
5⃣
Ideal buying range for #IOLCP around 635 - 645 for targets of 675 - 690 - 705.
SL based on individuals risk taking ability around 620 - 610
#SwingTrading #StockMarket #TechnicalAnalysis
Ideal buying range for #IOLCP around 635 - 645 for targets of 675 - 690 - 705.
SL based on individuals risk taking ability around 620 - 610
#SwingTrading #StockMarket #TechnicalAnalysis
6⃣
Disclaimer : This is not a stock recommendation on #IOLCP. Just a case study for educational purpose explaining how #TechnicalAnalysis and #SwingTrading works.
Consult Financial Advisor before Investing!
#Trading #Investing #StockMarket #TechnicalAnalysis
Disclaimer : This is not a stock recommendation on #IOLCP. Just a case study for educational purpose explaining how #TechnicalAnalysis and #SwingTrading works.
Consult Financial Advisor before Investing!
#Trading #Investing #StockMarket #TechnicalAnalysis
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