INDIAN OIL CORP LTDShort
IOC: Looking bearish
IOC
CMP 393
Last month on 16 Nov when IOC was at 393, we covered the stock and expected it to consolidate between 380-410...
Well November month ended and guess what where the stock ended. It was still at 393...
One may consider to sell as mentioned in the chart
It can fall to 374 / 368 levels
Pattern gets invalidated if IOC closes above 405 levels
Take care & safe trading...!!!
CMP 393
Last month on 16 Nov when IOC was at 393, we covered the stock and expected it to consolidate between 380-410...
Well November month ended and guess what where the stock ended. It was still at 393...
One may consider to sell as mentioned in the chart
It can fall to 374 / 368 levels
Pattern gets invalidated if IOC closes above 405 levels
Take care & safe trading...!!!
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