INDIAN OIL CORPORATION
INDIAN OIL CORPORATION
1- making perfect cup and handle formation
2- 125-127 is the demand and supply zone that has played its role many a time looks at the chart for more clues
3- if we consider harmonics as well in this chart it is making perfect w pattern
consider the leg of xb as 0.50 (though on the chart it is 0.531 , we can consider it as 0.50)
4 so that targets are coming close to 137-140 range
5 Most important with recent swing to recent swing high if consider as per the Fibo also
it is has done its 0.50 retracement which is sign a healthy retracement
so putting all the points in consideration i am personally bullish in these stocks - only the closing above 127
all the above explanations are as per my understanding
Note:-
I am not a SEBI Registered analyst. we do not recommend andy buy or sell, in case you wish to do so consult a financial advisor first
we shall not be responsible for any of your losses and profits
Do comment on the chart and let me know in case you wish to learn more on charts
Thank you
1- making perfect cup and handle formation
2- 125-127 is the demand and supply zone that has played its role many a time looks at the chart for more clues
3- if we consider harmonics as well in this chart it is making perfect w pattern
consider the leg of xb as 0.50 (though on the chart it is 0.531 , we can consider it as 0.50)
4 so that targets are coming close to 137-140 range
5 Most important with recent swing to recent swing high if consider as per the Fibo also
it is has done its 0.50 retracement which is sign a healthy retracement
so putting all the points in consideration i am personally bullish in these stocks - only the closing above 127
all the above explanations are as per my understanding
Note:-
I am not a SEBI Registered analyst. we do not recommend andy buy or sell, in case you wish to do so consult a financial advisor first
we shall not be responsible for any of your losses and profits
Do comment on the chart and let me know in case you wish to learn more on charts
Thank you
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