IOC on hourly charts shows an uptrend tested 3 times. If breaks 96 one could look out for potential positions.
Similarly if breaks 92 a similar downlook can be expected.
KEEP AN EYE ON TATA STEEL DOUBLE TOP PATTERN.
MACP CONFIRMS THE DOWNTREND
RSI INDICATES DOWNTREND
VOLUME ANALYSIS SHOWS SELLING
TAKE SMALL POSITION AND KEEP ADDING WITH TIME
SHORT IT
TARGET 1: 660
TARGET 2: 640
TARGET 3: 620
IF BREAKS DOWN 600 KEEP YOUR POSITIONS.
IF TURNS UP FROM 600 TO 620 LIQUIDATE POSITIONS
TARGET 3 IS EXPECTED TO HIT IN 3-4 WEEK...
