IOC has seen a consolidation on DTF (bullish pennant) after almost a consolidation of more than 60 days. Confirmation to be given on break of structure.
The company has a upwards of 500% increase in EPS QoQ growth for the last 3 quarters and increase in institutional interest.
Good for swing traders. Can expect an upward momentum of a min of 10-15%. Targets plotted on the chart.
Entry - INR 175 SL - (DL) TSL - According to your risk profile.
Disclaimer: Please be advised that the information provided is not intended as financial advice. It is imperative to conduct thorough research before making any investment or trading decisions.
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Trade initiated at INR 172.5 with an SL at day low