NeeteshJain

Indian Oil - Double Breakouts

Long
BSE:IOC   INDIAN OIL CORPORATION LTD
It is been observed on the daily chart that the price action firstly breaks out from a big downward or zig zag consolidation and then again consolidated in a small triangle formation and now it breaks out from that too, indicating a strong bullish move ahead.

Target 1: 400

Target 2: 410

Stoploss: 380

Trade active
Comment: Closing to Target 1
Trade closed: target reached: Today, Target 1 reached successfully. Regards
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