IOC great buying opporunity????????!!!!!!!after staying around the support level it has given DOUBLE BOTTOM and started to go upside.but it is taking resistance from the trend line. so if it is breaking the trend line we should wait for retest and then on confirmation with a smaller stop loss we can go long. again this is just for an educational purpose this is not sure shot forecast so please do your own analysis before taking trade,hope it will help you understand market behavior. thanks :)
IOC trade ideas
#IOCLIndian Oil Corp. Ltd. is a holding company, which engages in refining, pipeline transportation, and marketing of petroleum products. It also explores and produces crude oil and gas; and markets natural gas and petrochemicals. It operates through the following business segments: Petroleum Products, Petro-Chemicals, and Other Businesses. The Other Businesses segment covers the sale of gas, explosives, and cryogenics; wins mill and solar power generation; and oil and gas exploration activities. The company was founded on June 30, 1959 and is headquartered in New Delhi, India. BCS:IOCL NSE:IOC
IOCNSE:IOC
Please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House.
All the contents over here are for educational purposes only and are not investment advice or recommendations
offered to any person(s) with respect to the purchase or sale of the stocks / futures and options.
You are also requested to apply your prudence and consult your advisers in case you choose to act on
any such content available as WE claims no responsibilities for any of your actions or any outcome of
such action