@SK_tron, I am bullish on IOC until it breaks lower line of the channel. You can see similar channel like Nifty Energy. And right now IOC in consolidation moving in between 103 and 107. Right now its in 103. So ur risk reward is also superb now. You can give an entry at cmp with sl of 102 and target of 107. If it breaks 107 trail ur sl to 107. I guess i am clear.