INDIAN OIL CORP LTD
Long
Updated

#IOC

1539
Looks like IOC has taken a good support at 38.2% Fibo level and is making a double bottom there on weekly charts.
Weekly RSI is still above 50, possibly giving a signal of the strength.
Pattern also looks like a CUP & Handle or a rounding bottom breakout and then a pullback in form of falling wedge.
Larger picture suggest a big rounding bottom under formation
Note
IOC 108++
Note
IOC 120++
Note
IOC 124+

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