IOC- Buy Setup

IOC is in uptrend forming a series of higher highs and higher lows. Presently it is in correction taking support at a 6 month long trendline and also at a previous resistance zone. For traders who are conservative in their approach can look for a green candle formation or can even wait for a break of yesterday s high, whichever way they feel comfortable.

CMP 415
Stop loss 399
Target 450

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