As I observe on technical charts I found IOC is strong relatively to Nifty. IOC gives good result in June 2017 quarter and outperform in market.
During Technical Analysis I found that Nifty got -2.60% correction from 2 August 2017 to 10 August 2017, where IOC show strength with 10.86% up in same duration.
I sure this stock gives good return in short time and as well as long time.
For Short term My call on IOC is:-
Buy IOC at 410 for the target of 446 with Stop Loss 398
Risk : Reward ratio is 1:3.
During Technical Analysis I found that Nifty got -2.60% correction from 2 August 2017 to 10 August 2017, where IOC show strength with 10.86% up in same duration.
I sure this stock gives good return in short time and as well as long time.
For Short term My call on IOC is:-
Buy IOC at 410 for the target of 446 with Stop Loss 398
Risk : Reward ratio is 1:3.
Trade closed: target reached:
Yes......!!!!!
Target Achieved, as Stock makes high at 462.95 as on 31 Aug 2017.
Target Achieved, as Stock makes high at 462.95 as on 31 Aug 2017.