IOL Chemicals and Pharmaceuticals Ltd
Date 12.09.2024
IOL Chemicals and Pharmaceuticals
Sector : Pharmaceuticals & Drugs
Timeframe : Weekly
Remarks :
Stock has reached at major confluence at Gann 4/1 & major support & resistance.
Trade & build long position carefully & having a right kind of quantity.
Once it exits both Gann + major s/r area then can expect good upside momentum.
Some points needs to be understand since it in news & most of people blindly follow news:
1 FII holding only 1.39% & DII holding only 0.09% - Poor
2 EPS (yoy) growth was -3.26 % which is bad for the company
3 Operating profit margin 10.86 % which is a bad sign for profitability
4 Have have a poor return on equity of 8.69 %
5 Falling sales & profit growth
Regards,
Ankur
IOL Chemicals and Pharmaceuticals
Sector : Pharmaceuticals & Drugs
Timeframe : Weekly
Remarks :
Stock has reached at major confluence at Gann 4/1 & major support & resistance.
Trade & build long position carefully & having a right kind of quantity.
Once it exits both Gann + major s/r area then can expect good upside momentum.
Some points needs to be understand since it in news & most of people blindly follow news:
1 FII holding only 1.39% & DII holding only 0.09% - Poor
2 EPS (yoy) growth was -3.26 % which is bad for the company
3 Operating profit margin 10.86 % which is a bad sign for profitability
4 Have have a poor return on equity of 8.69 %
5 Falling sales & profit growth
Regards,
Ankur
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