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suman6saha

IOC H&S breakdown

Short
INDIAN OIL CORP (NSE:IOC)  
suman6saha  
NSE:IOC   INDIAN OIL CORP
Trend Analysis Chart Patterns indianoilcorp head_and_shoulder Bearish Patterns ichimokukinkohyo
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trendanalysis chartpattern indianoilcorp head_and_shoulder bearish ichimokukinkohyo
D TF -
Head and shoulders pattern on a falling neckline
Ichimoku cloud - Bear
RMO -bear
RSI - bearish
Once price breaks down -
It will likely to take resistance at 58-55 - half of the height of the head
Unlike to reach 46 area.
At 55, dividend yield will become around 18%, which makes it lucrative for 5-6 yrs holding period.
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