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Deepak_dc93

BUY signal IOC , Rectangle pattern , Trading is all about skill

Long
INDIAN OIL CORP (NSE:IOC)  
Deepak_dc93 Updated   
NSE:IOC   INDIAN OIL CORP
Trend Analysis Chart Patterns Beyond Technical Analysis Equity equitytrading equityanalysis Stocks stocktrading stockmarketanalysis IOC Technical Analysis
5
4
trendanalysis chartpattern beyondta equity equitytrading equityanalysis stocks stocktrading stockmarketanalysis ioc technicalanalysis
will go LONG on IOC because:
1) The price is forming a Chanel or Rectangle Pattern .
2) The price also broke the trend line .
3) The price is also under Support/Resistance zone.
4) It has touched the support (lower end of rectangle ) and may reach the resistance zone (upper end of rectangle ) .
5) Target would be the Resistance area . Book profit when it reaches the resistance zone .
Entry - 84
First Target - 90
Second target - 95.7
Stop loss - 82
Order cancelled
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