IOC - Breakout Level - 97.5 Daily / 108 Monthly

Jan 8, 2021

Breakout Level on Daily Time Frame - 97.5

Crucial Breakout Level on Monthly Time Frame - 108

If Crossing 108 then it will break its long term downtrend starting from 2017 and possibly head towards 120/150/170.

Stop Loss Level - 94/90/85

Jan 13, 2021

Trade active

Breakout Given @ 97.5
First Target - 103
Second Target - 108
Third Target - 115/117

Possibility of correction from any level to 97.5/96 again before resuming journey upwards.
(Resisitance Becomes Support Zone )

Jan 15, 2021

Note

First Target Reached - 103
Sideways Movement And Consolidation from these level for a few days is possible before resuming upwards to second target - 108

Jan 18, 2021

Note

As mentioned Earlier,
Possibility of correction till 97.5/96.

Today Low 97.50
(Resistance Becomes Support Zone)
So 97.50 is a strong support zone for IOC.
Strict Stop Loss 96/95 Levels