INDIAN OIL CORP LTDShort
IOC Chart set up
IOC
- The stock even in a strong market condition is struggling to get past 21 day EMA
- The stock traded in yellow channel for approximately 3 months
- Now trading in the red channel zone
Target for the current set up 64.15 / 61
Be cautious if IOC closes above 68. Pattern gets invalidated if stock goes above 70.30
Take care and safe trading...!!!
Like and follow
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
- The stock even in a strong market condition is struggling to get past 21 day EMA
- The stock traded in yellow channel for approximately 3 months
- Now trading in the red channel zone
Target for the current set up 64.15 / 61
Be cautious if IOC closes above 68. Pattern gets invalidated if stock goes above 70.30
Take care and safe trading...!!!
Like and follow
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
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