IOC: Chart set up, Result, Dividend and important levels


Last time when the stock was at 117, we had given a Buy for IOC with target of 126 / 132

The stock retraced exactly from 126 odd levels and is now taking support at 50 day EMA sub 120 odd levels

The stock is showing signs of strength and may be poised for it's 2nd target of 132 and could possibly even test the highs of 141 in medium term

Above 142, Doors would open up further for target of 166 / 172 in Longer term

200 day EMA support is at 114 odd levels

Note: Result is on Jan 31, 2022 and there is a possibility of Dividend announcement.

Take care & safe trading...!!!

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