Indian Oil Corporation LtdIOC looks like a strong buy right now. It's got that cup and handle breakout, lots of trading volume, and good moving averages. If it stays above 155 with good volume, we could see it hit 170 soon. Keep 145 as a stop-loss.
Iocshortposition
INDIAN OIL CORP LTD (IOC) ON WEEKLY SUPPLY ZONE New Study For Paper Trade
Indian Oil Corp LTD (IOC) ON WEEKLY SUPPLY ZONE
Ioc Equity Holder Keep Book Profit (not long term Holder) And other Can Sell Futures Or Buy Put Option
Maximum 85.80 up side ioc can go with stoploss 88 target 75-65
Study Logic
👉 Weekly Supply Zone
Only For Paper Trade And Education Purpose
Don't Real Trade
I am not sebi Registered Here Post is only for Education purpose i am not responsible for any profit and loss.
Short Opportunity - IOCIOC have had breakdown on 1 hour time frame and has the possibility to reach the demand zone of the channel pattern which it has been trading on a longer timeline.
Stop loss can be the previous swing high, with an interesting risk reward ration
