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varadtambolkar
Oct 11, 2020 4:36 AM

IOC, Down side is limited. Positional long. Long

INDIAN OIL CORPNSE

Description

My earlier view in #IOC ( #indianoilcoporation) failed.

But now IOC looks much more positive. After breakdown form around 82 levels, the down move was not with required volumes. Although I don't use indicators much but there is clear RSI divergence. Next Levels 81 96 101 115. Last week was a spinning top candle followed by bullish candle.
Level are not always exact. It is always a area.

Comment

First target hit.

Comment

Second target of 96 hit.

Comment

Fresh breakout above 97
We already entered at 75 trail you sl to 80
next level to watch is 108 to 116 area.
Comments
tsarun1992
Its in the area 108-116 now and we see a fresh breakout on weekly resistance.
explorerani
Any change in your view based on current Technical charts.
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