chiragjhariani

IOC - Breakout Level - 97.5 Daily / 108 Monthly

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NSE:IOC   INDIAN OIL CORP
Breakout Level on Daily Time Frame - 97.5

Crucial Breakout Level on Monthly Time Frame - 108

If Crossing 108 then it will break its long term downtrend starting from 2017 and possibly head towards 120/150/170.

Stop Loss Level - 94/90/85
トレード稼働中:
Breakout Given @ 97.5
First Target - 103
Second Target - 108
Third Target - 115/117

Possibility of correction from any level to 97.5/96 again before resuming journey upwards.
(Resisitance Becomes Support Zone )
コメント:
First Target Reached - 103
Sideways Movement And Consolidation from these level for a few days is possible before resuming upwards to second target - 108
コメント:
As mentioned Earlier,
Possibility of correction till 97.5/96.

Today Low 97.50
(Resistance Becomes Support Zone)
So 97.50 is a strong support zone for IOC.
Strict Stop Loss @96/95 Levels
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