IOC - CMP105.45. Today IOC broke out with volumes on rounding bottom pattern with higher cash volumes and increase in price. It's future open interest rise is also at healthy 10%, indicates formation of longs. Very soon it can go up to 117 and 120 with a sl of 100 on CLBS.
Comment:
It met its first target on 9.6.21 by making a high of 117.85 and came close to its second target of 120 before falling. On 30.9.21 It made a high of 128.85. Met its all targets and can continue with closing sl of 122.