IOC, Down side is limited. Positional long.
Updated
My earlier view in #IOC ( #indianoilcoporation) failed.
But now IOC looks much more positive. After breakdown form around 82 levels, the down move was not with required volumes. Although I don't use indicators much but there is clear RSI divergence. Next Levels 81 96 101 115. Last week was a spinning top candle followed by bullish candle.
Level are not always exact. It is always a area.
But now IOC looks much more positive. After breakdown form around 82 levels, the down move was not with required volumes. Although I don't use indicators much but there is clear RSI divergence. Next Levels 81 96 101 115. Last week was a spinning top candle followed by bullish candle.
Level are not always exact. It is always a area.
Note
First target hit.Note
Second target of 96 hit.Note
Fresh breakout above 97We already entered at 75 trail you sl to 80
next level to watch is 108 to 116 area.
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