vanathi

IOC - At crucial stage!

NSE:IOC   INDIAN OIL CORP
Price action is forming a descending triangle . Close below 367 will make the price to fall further. Keep it in watch list. Will update once the trend is confirmed.
Comment: Took support!
Trade active
Trade closed: target reached: What a move!
Comment:
Now whats ur view on IOC..?
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This came out picture perfect :) .. Kudos !!
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vanathi sausawan
@sausawan, Thank you :)
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sausawan vanathi
@vanathi, One Question.. Descending triangles are bearish continuation pattern... Recently same pattern was identified in Ruchira paper and Asian oilfield services and it went down the support line. How do you identify which descending triangle can give bullish breakout??
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Support may breakdown
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Bearish fakey....
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Hi Will IOC move up more.
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@Sansans, yes, 440, 445 should come here.
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