manojs1969

manojs1969

It has broken GANN channel and Fib range. It would achieve 128 in a very short period of time.

manojs1969

IOC is breaking the GANN range of previous high and started travelling towards 134-135.

manojs1969

MACD is also moving upward which indicates a long for BTST or Intraday trade

manojs1969

By plotting Fibonacci we found that stock has a strong support @ 16.55 and stock is in reversal mood, even yesterday's candle was red but closed above day before yesterday's candle. It shows upward move. Hence, recommended to buy at LTP Rs. 17.30 for a short term target of Rs. 19 and 20. Time frame 7-10 days

manojs1969

Confirmed uptrend on weekly chart, a single candle crossed 5 EMA and 30 EMA which shows the one way movement of stock up to 240 after that it will consolidate 2-3 days and again move to 275.