Good Morning Everyone, Here we can witness the fresh breakout on trendline where IOC can try to approach his life time high level again @ 196 level. Consider the following levels now: Breakout - 171 1st Target - 196 2nd Target - 220 Stoploss - 153 NOTE : Please consult your financial advisor before taking any trade on this recommendation
NSE:IOC is trading above major resistance of 69.00. My idea is to take entry at current level and wait for targets of 70.75 71.50 74.50 75.50 My stop loss will be 65. Note: This is my personal analysis, only for learning. Thanks.
IOC - Short NSE:IOC BSE:IOC NSE:IOC1! IOC - 4hrs charts seems a bearish Trend. Refer to the Invalidation / Confirmation levels Educational Purpose Only!!! Always do analyze Before taking a position!
Price action in IOC shows price breaking out on Weakly chart. Price also closed above its 20 periods moving average and RSI shows a break out of a falling trendline and a pop above 70. This shows the stock is gaining momentum on the upside. Buy around Rs 104-109 for a rally to Rs 118 and above that to Rs 130 over the next 2-3 weeks. Keep a stop below Rs 95.