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vanathi
Jul 31, 2017 3:03 PM

IOC - At crucial stage! 

INDIAN OIL CORPNSE

Description

Price action is forming a descending triangle. Close below 367 will make the price to fall further. Keep it in watch list. Will update once the trend is confirmed.

Comment

Took support!

Trade active

Trade closed: target reached

What a move!

Comment

Comments
kamuthi
Now whats ur view on IOC..?
sausawan
This came out picture perfect :) .. Kudos !!
vanathi
@sausawan, Thank you :)
sausawan
@vanathi, One Question.. Descending triangles are bearish continuation pattern... Recently same pattern was identified in Ruchira paper and Asian oilfield services and it went down the support line. How do you identify which descending triangle can give bullish breakout??
RaghuveerMunipalli
Support may breakdown
RaghuveerMunipalli
Bearish fakey....
Sansans
Hi Will IOC move up more.
ParamjitMahapatro
@Sansans, yes, 440, 445 should come here.
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