IOCPL , showing uptrend and can long it
IOCPL is fundamentally strong stock, taking about ration ROE% = 56 and R/E is 15
Can long this
1. Buy above 200EMA
2. Buy at previous higher low candle or at lower trend line
Also examine the stock your self before investing
Leave comments for suggessions
What is Falling Wedge chart pattern?
Rising and falling wedges are a technical chart pattern used to predict trend continuations and trend reversals. The falling wedge is a generally bullish pattern signalling that one will likely see the price break upwards through the wedge and move into an uptrend.
How does it work?
The falling wedge is a bullish stock...
A flag chart pattern is formed when the market consolidates in a narrow range after a sharp move. Usually a breakout from the flag is in the form of continuation of the prior trend. Flags give very high risk reward ratio which means relatively small risk and high and quick profits. Remember there is always a risk.
Here breakdown can happen in up side to continue...