IOL Chemicals — Multi-Year Base Holding Above Rising Support

Price has spent the last few years moving sideways after a sharp post-2020 rally. The stock is now stabilising above a rising long-term trendline, indicating gradual absorption of supply. 📊 Key Levels • ₹101 – Major overhead resistance from previous swing highs • ₹73–75 – Immediate pivot zone where price is currently stabilising • ₹69 – Important intermediate support • ₹61 – Strong structural demand aligned with the rising trendline 📉 Trend Context The broader structure is range-bound between ₹61 and ₹101. Price currently sits near the middle of this range, suggesting equilibrium between buyers and sellers. ⚡ Behaviour Higher lows along the rising support line indicate gradual accumulation. Sustained strength above ₹75–80 could shift momentum toward the upper range boundary. 📢 Disclaimer: For educational and technical analysis purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)