IOL CHEM AND PHARMA LTD (Weekly Chart) – Key Points
Trend:
The stock has finished a long consolidation (Wave ④) and is starting a new upward rally (Wave ⑤ expected).
Price Movement:
Current price: ₹101.47 after a recent sharp rise.
Important resistance to watch: ₹120–₹130 zone.
Momentum (RSI):
RSI at 67.59 — shows strong momentum.
Volume:
Rising volume near breakout, supporting the current price move.
Possible Scenarios:
If price breaks above ₹120–₹130 with good volume:
Likely starts a new strong rally (Wave ⑤).
Possible targets: ₹210–₹360.
If resistance holds and RSI turns overbought:
Short-term pullback or pause likely.
Support to watch: ₹90–₹100.
Summary:
The setup is bullish, but key resistance and overbought risks need monitoring before any new major upswing.
Trend:
The stock has finished a long consolidation (Wave ④) and is starting a new upward rally (Wave ⑤ expected).
Price Movement:
Current price: ₹101.47 after a recent sharp rise.
Important resistance to watch: ₹120–₹130 zone.
Momentum (RSI):
RSI at 67.59 — shows strong momentum.
Volume:
Rising volume near breakout, supporting the current price move.
Possible Scenarios:
If price breaks above ₹120–₹130 with good volume:
Likely starts a new strong rally (Wave ⑤).
Possible targets: ₹210–₹360.
If resistance holds and RSI turns overbought:
Short-term pullback or pause likely.
Support to watch: ₹90–₹100.
Summary:
The setup is bullish, but key resistance and overbought risks need monitoring before any new major upswing.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.