AnbHfund

IOC : Breakout in MACD

Long
NSE:IOC   INDIAN OIL CORP
IOC is showing a flag pattern after recovering from lows of 72 to 94 price levels, has been in consolidation mode for past 40 odd days.
On friday the stock gave a breakout on MACD indicator and most probably might give a break above 88 levels tomorrow.
I am looking for a gap-up open tomorrow above 88 levels for target of 96 & 106 for this expiry.

Keep a watch on IOC for this week.

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