LOOKS MILD BULLISH with current price action & option chain analysis.
GOOD BUYING MOMENTUM ONLY AFTER 37516 IS TAKEN OUT with fresh longs and short covering of trapped call writers.
NOT SEBI REGISTERED ANALYST.
JUST FOR EDUCATIONAL PURPOSE.
This Auto Sector Stock gave a Trendline breakout with good volumes and a retest.
Now we can see a follow up buying in dis.
My Entry, Targets & SL are defined.
JUST FOR EDUCATIONAL PURPOSE. NO RECOMMENDATIONS
So This is a chart of INDIAN OIL CORPORATION (IOC) and it has given a breakout from a Strong Resistance zone After an year ( corona top) with a good volume and currently consolidating near its Resistance turned support. The view is Bullish for Short term.
SAFE TRADER-
Entry Above- 107.5 ( Closing above 107.5)
Short Term Target - 120, 125
