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Cash : Breakout Pattern in IOC

Long
NSE:IOC   INDIAN OIL CORP
Price action in IOC shows price breaking out on Weakly chart. Price also closed above its 20 periods moving average and RSI shows a break out of a falling trendline and a pop above 70. This shows the stock is gaining momentum on the upside.

Buy around Rs 104-109 for a rally to Rs 118 and above that to Rs 130 over the next 2-3 weeks. Keep a stop below Rs 95.
Trade active: 1st Target Hit