IOC at a brink of breaking it IHS neck line.

342
A Paper Trade Idea on IOC

CMP 146.

It is at brink of breaking the neckline. at 146.7

Price Actions show strong Higher Low patterns.

Looks like it is a valid reversal pattern following a steep correction.

Conservative SL at 3% from cmp of 146.3

Aggressive SL at 6% from CMP.

I am Not a SEBI registered RA> this is just an paper trade Idea. Real trades are at your own risk
Note
One can wait for B/O and retest at 146 to 150 levels.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.