Indian oil, IOC Short
IOC is in a clear downtrend which gave us a nice bounce to the Kijun sen / 0.5 fib level followed by 2 days of rejection. Will be shorting the futures lot of feb 2020.
Short 115.45
Sl = 118.30
Target 1 = 109 , RR = 2.26
Target 2 = Open and trail with daily heiken ashi candles if trade works out in our favor.
Short 115.45
Sl = 118.30
Target 1 = 109 , RR = 2.26
Target 2 = Open and trail with daily heiken ashi candles if trade works out in our favor.
Trade active
IOC has resumed downtrend as expected. we are halfway our target and should hit it this week InshaAllah. Keep trailing the stops as per convenience. lets make it a great loss free trade by bringing stops to entry. Trade closed: target reached
Target of 110 has was hit. Trade Closed
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