Price and trend forecast of IOLCP for Tomorrow, Weekly, Monthly
IOL Chemicals and Pharmaceuticals Limited
Symbol: NSE:IOLCP
ISIN: INE485C01011
414.00
As on 2024-07-26
IOLCP's Today's Performance
IOL Chemicals and Pharmaceuticals Limited started the day by opening at 413.60 today 2024-07-26. Its shares reached a high of 421.30 and dipped to a low of 412.05 in intraday. When the markets closed, IOLCP’s stock price settled at ₹414.00 per share. Also check out its key support and resistance levels.
IOLCP Buy/Sell Targets
Tomorrow, buy IOLCP when its price reaches ₹ 414.00 with a stop-loss order at ₹ 408.05. You can set the target price as ₹ 419.95 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.
In the sections below, we will discuss detailed share price target of IOLCP for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.
Important Down levels for IOLCP
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 420 |
| Tomorrow Down Target 2 | 425 |
| Tomorrow Down Target 3 | 429 |
Important Levels for IOLCP
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 410 |
| Tomorrow Up Target 2 | 407 |
| Tomorrow Up Target 3 | 401 |
Based on where the stock opens tomorrow, if IOLCP opens on a positive note, our first target will be ₹420. If Target 1 is achieved, we will aim for Target 2 which is ₹425.
But if IOLCP falls below the average value of ₹415.78, you can enter a sell side position with target number 1 - ₹410 and second target - ₹407 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.
Daily Volume chart of IOLCP
Looking at IOLCP, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.
In terms of its price, IOLCP has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for IOLCP is strong bearish.
Tomorrow's Volume based share price Forecast for IOLCP
IOLCP's Volume is currently in a Increasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a strong bearish trend. Volume trend strength over the last month compared to the last week is 61%.
Reversal detection for IOLCP
IOLCP may trend may continue to be bullish since stock is making higher highs and we can get target of ₹412 in morning tomorrow
| Target 1 tomorrow | 419 |
| Target 2 tomorrow | 421 |
| Target 3 tomorrow | 425 |
Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.
Combine this trend forecast with IOLCP's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.
Based on where the stock opens tomorrow, if IOLCP opens on a positive note, our first target will be ₹419.52. If Target 1 is achieved, we will aim for Target 2 which is ₹425.03.
But if IOLCP falls below the average value of ₹415.78, you can enter a sell side position with target number 1 - ₹410.27 and second target - ₹406.53
IOLCP's Weekly Targets
| 1st Up Target | 428.53 |
| 2nd Up Target | 443.07 |
| 1st Down Target | 392.23 |
| 2nd Down Target | 370.47 |
As the week for IOLCP ended on bullish sentiments, we can expect further continuation of this sentiment. IOLCP's initial target will be 428.53 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 392.23 in the upcoming week.
Weekly OHLC Values
| Open | 396.40 |
| High | 421.30 |
| Low | 385.00 |
| Close | 414.00 |
Week for IOLCP started with an open price of 396.40, and the close was at 414.00. IOLCP reached the highest of 421.30 and dipped lowest up to 385.00 last week. This indicates a bullish sentiment for the week.
IOLCP full month swing targets
| Monthly Up Target 1 | 464.83 |
| Monthly Up Target 2 | 479.37 |
| Monthly Down Target 1 | 355.93 |
| Monthly Down Target 2 | 297.87 |
Targets of ₹464.83 can be expected to be reached in the coming month. Once IOLCP achieved this target, we can aim for the next upside target of ₹479.37.
IOLCP if fails to hold upside, down targets of ₹355.93 and ₹297.87 can be achieved by end of this month.
For complete three weeks if IOLCP is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.
Related Stocks in the Same Sector as IOLCP
| Symbol | Name | Industry |
|---|---|---|
| SUNPHARMA | Sun Pharmaceutical Industries Limited | Drug Manufacturers - Specialty & Generic |
| CIPLA | Cipla Limited | Drug Manufacturers - General |
| DRREDDY | Dr. Reddy's Laboratories Limited | Drug Manufacturers - Specialty & Generic |
| ZYDUSLIFE | Zydus Lifesciences Limited | Drug Manufacturers - Specialty & Generic |
| APOLLOHOSP | Apollo Hospitals Enterprise Limited | Medical Care Facilities |
Summary
IOLCP is expected to reach the target of 419.52 in tomorrow's trading session.
After achieving the initial target in IOLCP, we will aim for higher targets of 425.03 tomorrow.
However, if IOLCP starts to trade below ₹415.78, then we will shift our focus to the sell side and aim for down targets of 410.27 and 406.53.