IOLCP – Multi-Year Breakout Setup Forming? | Inverse H&S in Foc

Analysis:
IOL Chem & Pharma is showing signs of life after years of consolidation. A potential inverse Head & Shoulders pattern is forming with a neckline around ₹90–91.

📍 Key Levels:

✅ ₹91 – Breakout level on daily close

⚡ ₹111 – Multi-year breakout confirmation

🛡️ SL: ₹75 (below recent structure)

Volume confirmation is critical for breakout sustainability. RSI is nearing bullish territory, supporting possible upside.

🎯 Breakout Target (on confirmation): ₹135–₹150 zone

📌 Watchlist stock – Needs confirmation. Stay alert for price action around ₹91–₹111.