IOC is showing Up Flag pattern which is a Bullish pattern with a nice breakout with good volume.
Target around 470
Also MACD showing a crossover 4 candles before the breakout
(this is just for study purpose, PROs please advice)
It is been observed on the daily chart that the price action firstly breaks out from a big downward or zig zag consolidation and then again consolidated in a small triangle formation and now it breaks out from that too, indicating a strong bullish move ahead.
Target 1: 400
Target 2: 410
Stoploss: 380
