IOC-Bullish-Can take a swing trade
Updated
IOC trend line is looking good and also seems to show a multi-year trendline breakout.
All the supports and resistances are given in the chart-Expected to reach 102 in the near term.
The disclaimer-The idea is completely based on my analysis, please go through your analysis before investing
All the supports and resistances are given in the chart-Expected to reach 102 in the near term.
The disclaimer-The idea is completely based on my analysis, please go through your analysis before investing
Comment
The initial target of 102 has been hit successfully. The stock is facing a resistance at 102.55 once it breaks and holds then we can expect 105.5 and 109 in the near term.Be cautious, SL-can be 98
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