vishmohit

IOC - Bullish

Long
NSE:IOC   INDIAN OIL CORP
Retracement from Fib Level 0.5
Previous Resistance acting as a support
Good volume back on
Triangle Pattern breakout
MacD turning bullish
Stay long till it holds 102
Tgts 117/124

Comments

what do you think at CMP , taking sep fut is good?
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vishmohit SK_tron
@SK_tron, Risk to reward is absolutely favourable at this point, no doubt about it
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SK_tron vishmohit
@vishmohit, yes do you think it's gonna hit all time high by end of september? bcoz NIFTY energy is also at the bottom of a channel pattern and looking to rise from there! what do you think?
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vishmohit SK_tron
@SK_tron, Exactly my thoughts !!! (No emojis to express here, but yes its a Thumbs up! ;) )
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vishmohit vishmohit
@vishmohit, expecting Nifty Energy Index at 21800 next
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SK_tron vishmohit
@vishmohit, by next month?
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vishmohit SK_tron
@SK_tron, sep expiry
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SK_tron vishmohit
@vishmohit, how is it looking now? nifty energy recovered but IOC did not, but the volumes are low, what do you think?
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vishmohit SK_tron
@SK_tron, on pullback volumes are relatively very low, still views are clear if it fails to hold 102/101.80 i am out of it...
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Seems week to break 107. More selling is going on in this stock. I shorted at 106.2 to day. Let us C.
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