IOC Observations from the chart - - Made High of 404 on 7-Feb-2017 - Took that level out with a strong gap up (from 397 to 405) on 7-April-2017) - Trading below 405 after almost 3 1/2 months - Also Broken trend line now -20 day EMA & 50 day EMA crossover observed after a very long time Any rise towards 397-405 needs careful attention. Rejection at those...
One can short IOC below 415, for target of 400. SL - 425.
IOC is in uptrend forming a series of higher highs and higher lows. Presently it is in correction taking support at a 6 month long trendline and also at a previous resistance zone. For traders who are conservative in their approach can look for a green candle formation or can even wait for a break of yesterday s high, whichever way they feel comfortable. CMP...
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.
A Bullish ABCD pattern giving a long signal. Entered at 421 with a SL of 411 and target of 451. A RR of 3.5.
IOC good looking short oppertunity if the channel breaks.
Stock waiting to revisit the supply zone and and then continue upward journey.
I am looking to enter Near 420 with stop of 416 for Target of 426 Regards