Indian Oil Corporation as seen on the 1-hour time frame has been putting in higher prices.
The last place composite man (Institutions) sold In was at 103.55 and pushed prices higher to 113.70. Price has created imbalances as it pushed higher and a Demand Zone which has not been mitigated yet. We can expect prices to come back into the demand zone near 104 and may...
Nifty has made imbalances on different areas where it needs to come back and mitigate. Currently what we can see is there is a Institutional Sell order which needs to be mitigated on the left and price would need a lot of liquidity before coming in to the 13800 level to shoot to the upside inline with the Institutional Buy level.
How ever there should be enough...
