Resistance breakout and targets these all things are mandatory for one who is doing charting well here I am with an idea on weekly chart of IOC that is Indian oil corporation seems that it gives a Bullish Breakout on hazardous resistance which it faced many weeks finally broken out that resistance and closed on above that and Bollinger bands also confirmed a Breakout on it's upper band so we can see that bullish momentum will continue in this stock for the Target of 86 levels.. Happy investing and trading guys.
Cause Of long-:
1- Horizontal Resistance Breakout
2- Bollinger Bands Breakout
Cause Of long-:
1- Horizontal Resistance Breakout
2- Bollinger Bands Breakout
Commentaire:
CMP 83.50 FROM 77 GAINING GOOD HEADING TOWARDS TARGET
