Symmetric Triangle Formation in IOCL
IOCL Daily Analysis
IOCL has made Symmetric Triangle Pattern on Daily Timeframe
Trade Initiation - Kinldy wait for Breakout / Breakdown as Symmetric Triangle is considered as Continuation pattern so after Breakout / Breakdown price may move in one direction only.
Will publish important levels in IOCL after Breakout / Breakdown .TIll then wait.
Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2)Do your own research and analysis 3)Define your Risk to Reward ratio 3)Don't trade with full capital
IOCL Daily Analysis
IOCL has made Symmetric Triangle Pattern on Daily Timeframe
Trade Initiation - Kinldy wait for Breakout / Breakdown as Symmetric Triangle is considered as Continuation pattern so after Breakout / Breakdown price may move in one direction only.
Will publish important levels in IOCL after Breakout / Breakdown .TIll then wait.
Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2)Do your own research and analysis 3)Define your Risk to Reward ratio 3)Don't trade with full capital
Comment:
IOCL at it's breakout trendline. Keep any eye on it.
Comment:
IOCL Breakout Attempt Failed But. Keep IOCL on your Radar.
Comment:
According to the candles buyers are not interested in IOCL. Will wait till gaining momentum in the upside or elase will exit.
Trade active:
IOCL moving well!
Comment:
Updated Targets in IOCL!
Trade closed: target reached:
All the projected targets have been reached!
Avinash K.
