IOC has formed a bullish structure on the weekly chart. A crucial aspect is a weekly RSI close above 60. It is also about to break out from a down trending line. A long position could be considered keeping the following levels in mind:
LONG ABOVE: 81.55
STOP LOSS: 77.95
TARGET 1: 85.15
TARGET 2: 88.75
Please do wait for at least a 15 min candle close above the "LONG ABOVE" level before initiating the trade.
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LONG ABOVE: 81.55
STOP LOSS: 77.95
TARGET 1: 85.15
TARGET 2: 88.75
Please do wait for at least a 15 min candle close above the "LONG ABOVE" level before initiating the trade.
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Trade active:
Marching steadily towards target 1, 83 has been achieved.
Comment:
84 has been achieved.
Comment:
85 has been achieved.
Comment:
Target 1 done.
Comment:
86 has been achieved.
Comment:
87 has been achieved.
Comment:
88 has been achieved.
Trade closed: target reached:
Target 2 has been achieved. :)