Indian Oil Corporation is looking good by breaking a falling resistance trendline and a horizontal trendline too and gives a close above on both trendlines on weekly chart so we can consider it is a breakout and can go long in it for the target of 88 and 93 so after this breakout i am expecting it comes to retest it's breakout zones which is near about 83 to 82 zones and if come and bounce from there we can go long in this execution we will take a stop loss of below 80 on weekly close basis.
NOTE- Only for Education Purpose.
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NOTE- Only for Education Purpose.
Please Give A Like If You Like
Trade closed: target reached:
TARGET ONE REACHED WITHOUT RETEST
Trade closed: target reached:
TARGET 2 ALSO RECAHED OF 93.45 FROM 86 GAINING MORE THEN 8%
