IOCL is in an uptrending channel and the price is near channel bottom. If feel it can be bought at 397 with stop loss of 367 and target of 450 and above.
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
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BSE:IOC
