Nimish_Ghagare

Long Term Opportunity in Indian Oil

Long
NSE:IOC   INDIAN OIL CORP
Go Long above 113.8 for Targets of 138.05, 162.4, 186.45, and 210.9 with SL 89.55

Reasons to go Long :

1. Stock was in a downtrend from August 2017 - September 2020 and tried to take support at its support zone (marked with a green rectangle ).

2. It also gave a trendline breakout with high volumes and this can be a sign of trend reversal.
Trade active: Entry triggered on 04 June 2021
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