IOLCP CMP 186 • Daily chart shows a strong breakout above the… — Welaxis Research

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#IOLCP CMP 186

• Daily chart shows a strong breakout above the ₹178–180 resistance zone with a sharp bullish candle.
• Volume has increased significantly, supporting the strength of the breakout.
• RSI at 71.36 indicates strong momentum, though the stock is now in the overbought zone.
• ₹180 is an important breakout-retest support, while ₹173–175 is the next support area.
• If the breakout sustains, the rectangle pattern gives a theoretical measured zone around ₹210–215.
• Disclaimer: For educational purposes only; this is not a buy/sell recommendation or investment advice.

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