IOC trading in bullish pattern but stock nearest resistance at 155.8 level if stock able to hold resistance and close above resistance level post result we can see upside toward 160-165-170 level and if stock not able to hold resistance and break 148 support we can see 144-142 levels post result.
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed...
Weekly Supertrend indicator in the green = Bullish
Daily William%R Turning up from oversold range = Bullish
Stock bouncing from near 50% retracement of previous trend = Bullish
Buy with a stop at 148 for the targets of 169 and 180
IOC HARTS INDICATE MOVEMENT TOWARDS
TARGET-1 AT 164.7
TARGET-2 AT 170 AND
TARGET-3 AT 180+.
ON THE WAY, THERE WILL BE A MINOR RESISTANCE AT 161.3
STOP LOSS IS GIVEN AS 153 FROM WHERE THE SHARE HAD STARTED MOVING UP AGAIN.
IOC Important Hurdle at 160.4 Weekly Close above this Stock will Rocket. Looking at Momentum it is likely possible this will happen. Buy once stock gives weekly close above 160.4 and Hold with Patience. Cheers!!!!!!