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Sunmithra_Katla

IOC-Bullish-Can take a swing trade

Long
INDIAN OIL CORP (NSE:IOC)  
Sunmithra_Katla Updated   
NSE:IOC   INDIAN OIL CORP
Trend Analysis Chart Patterns
1
0
trendanalysis chartpattern
IOC trend line is looking good and also seems to show a multi-year trendline breakout.
All the supports and resistances are given in the chart-Expected to reach 102 in the near term.
The disclaimer-The idea is completely based on my analysis, please go through your analysis before investing
Comment:
The initial target of 102 has been hit successfully. The stock is facing a resistance at 102.55 once it breaks and holds then we can expect 105.5 and 109 in the near term.
Be cautious, SL-can be 98
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