varadtambolkar

IOC, Down side is limited. Positional long.

Long
varadtambolkar Mis à jour   
NSE:IOC   INDIAN OIL CORP
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.
Commentaire:
First target hit.
Commentaire:
Second target of 96 hit.
Commentaire:
Fresh breakout above 97
We already entered at 75 trail you sl to 80
next level to watch is 108 to 116 area.

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.