IOL CP had fallen below 200 days moving average where it found a demand zone. The stock is now bouncing above 200 days Moving Average by way of a VCP. If the up coming results is good, the stock can give a good short term rally.
Right Time to enter IOLC stock, Triangle pattern and parallel beam is available. Bullish Trend Expected.
I have entered after the Break out
Fundamentals: IOCL is the best stock as
Great Stock at Great Price !!!
If any suggestions do comment my analysis..
NSE:IOLCP is undergoing its correction and I see more downside in the stock.
It has given some stellar returns in the past and a corrective pause is inevitable.
Patiently waiting for the price to visit the price reversal box drawn in the chart
technically stock weak if trades below 300/310 mark in coming month (long term trend)
now at 382 as its shown a steller run from 230 to 400 thus a retracement upto 300 cant be ignored
but overll current trend support a buy on dip(long term)