IOCL : Resistance to Support Conversion

This zone was resistance where the price was not able to break it at several instances. However, once the price broke and created a new high the stock is retracing to the same resistance zone which can now act as a SUPPORT.
Watch out for IOCL tomorrow.
Bullish PatternsioclongLONGpriceactionSupply and DemandSupport and ResistanceTrend Analysis

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