Description
⋅ Indian Oil Corporation - IOC Analysis in 1hr Timeframe
It forms both W Pattern and a Head and shoulder pattern. We should take entry on confirmation of breakout only.
Case1: If Price breaks neckline of W Pattern we can go for buy
Case 2: If price breaks the support and confirms the breakout from head and shoulder will go for Sell Position.
Both side possibilities explained in the short video. Please watch it completely. Thanks.