Indian Oil Corporation - Comparison of Monthly Vs Weekly Chart
Monthly: Long Term View
Weekly: Short Term View
Both on Weekly and Monthly, price respected the levels perfectly. Next Target 260
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Monthly: Long Term View
- Price Travelling within a Parallel Channel for nearly 3 Decades
- Multi-Year Rounding Bottom BO Done above 154 for Target of 260
Weekly: Short Term View
- Another Small Rounding Bottom BO which was triggered at 114 for Target of 180
- As you can see on the Weekly chart, 180 Target was reached and Price retraced to test the Monthly Rounding Bottom BO zone at 155 and bounced beautifully
Both on Weekly and Monthly, price respected the levels perfectly. Next Target 260
Disclaimer:
3+ Years Teaching Experience in Stock Market - Technical Analysis, Advanced Patterns, Emotional Management, News based Trading...
We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes.
We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side"
*** Important *** Consult your Financial Advisors before taking any positions
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends