I have made an efforts in Giving an Professional out look
Those who are small traders with the Capital of 25000 INR to 50000 INR can look to add the the Portfolio and Grow your income by staying in the
Long process
Those who are FNO Traders you can always Look for Buy set up , as this trend is Moving forward
Good luck
IOC broke anad retested the trendline in weekly TF and it is ready to give a good uside move. It is a good R:R setup
CMP :- 118.25
SL :- 101
Target :- 169+
IOC BULLISH
Disclaimer:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss...
As we mark some trendlines and used some random indicators and in the end we have got the result that it may b give a breakout in bearish side.
if it breaks the trend line in bearish side the 1st price target will be 117.60 and 2nd price target will be 117.
if the trend breakout moves in bullish side then the 1st price target will be 119.55.
but the important...
Cup and handle pattern is formed in IOC daily and weekly time frame chart pattern waits for a clean breakout and then takes a long position.
Disclaimer:- This is only for educational purposes please do your own analysis before investing hard-earned money.
![IOC: Rounding bottom neckline [R:R 1:3]](https://s3.tradingview.com/u/umo8Y9ty_mid.png "Rounding bottom neckline [R:R 1:3]")
