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ReviveTraders
Dec 9, 2020 6:19 AM

IOC | Ascending Triangle & BREAKOUT  Long

INDIAN OIL CORPNSE

Description

Swing Trading opportunity ! 30min Chart Alert !!!

--Buy above =92.30
--Target = 95.40 and even more
--Stop-loss = 91.05
--Lot Size = 5700
--R:R = 1.84
--Expected Profit = 16,000 ₹ per lot ( 4.50% )

Technical Reasons to trade :- 🧢

1) ioc has formed ascsending triangle
2) Volume is good at the time of breakout
3) multitime frame is bullish
4) target is based on resistance zone
5) retracement can happen


Guys check out the related ideas as well, it will worked really well !

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Comment

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Comment

Trade closed: target reached

Target is achieved 🎯

Bought @ 92.60
Booked @ 95.40
Points earned = 2.80
lot size = 5700
PROFIT booked = 15,960 per lot ( 3.02 % ) in two days

👇👇👇 Click the image below for clear picture 👇👇👇
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