INDIAN OIL CORP LTD
Long
Updated

IOC | Long Term Trendline Breakout with Volume 🎯

⭕ Positional Trading opportunity ! Weekly Chart Alert !!!⭕

--Buy above =102.60 or CMP
--Target = 116.80 | 143.40
--Stop-loss = 84.80
--R:R =2.76
--Expected Profit = 39%
--Expected Holding = 1-3 Months only

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⭕Technical Reasons to trade or Strategy applied :- ⭕

1) Long term Trendline Break with volume
2) Long Term Resistance Breakout with volume
3) Volume is perfect
4) Stock has given the Triple Bottom Breakout
5) Fundamentals will support the stocks as well
6) Target is based on pattern height & S&R zone basis

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Note
modify your SL to 66
Trade closed: target reached
1st Target is done

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