IOC could burst into an upward move.
IOC has formed a bullish structure on the weekly chart. A crucial aspect is a weekly RSI close above 60. It is also about to break out from a down trending line. A long position could be considered keeping the following levels in mind:
LONG ABOVE: 81.55
STOP LOSS: 77.95
TARGET 1: 85.15
TARGET 2: 88.75
Please do wait for at least a 15 min candle close above the "LONG ABOVE" level before initiating the trade.
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LONG ABOVE: 81.55
STOP LOSS: 77.95
TARGET 1: 85.15
TARGET 2: 88.75
Please do wait for at least a 15 min candle close above the "LONG ABOVE" level before initiating the trade.
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Trade active
Marching steadily towards target 1, 83 has been achieved.Note
84 has been achieved.Note
85 has been achieved.Note
Target 1 done.Note
86 has been achieved.Note
87 has been achieved.Note
88 has been achieved.Trade closed: target reached
Target 2 has been achieved. :)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.