IOC looks good for long above 104 and breakout
If IOC breaks 104 with good volumes we can see it zoom trade with SL at 97 on closing basis. 104 is double top formation zone and I would take trade above 104 on clb only.
I would recommend long on IOC for the target of 113 and then 120 levels. MACD moving to positive along with positive ADX seems good.
Price now is trading above cloud on Daily basis along with positive signs mentioned above. But it will be important to see how IOC moves on weekly chart which shows turbulence zone and stock has been trading in good moves up and down.
I would recommend long on IOC for the target of 113 and then 120 levels. MACD moving to positive along with positive ADX seems good.
Price now is trading above cloud on Daily basis along with positive signs mentioned above. But it will be important to see how IOC moves on weekly chart which shows turbulence zone and stock has been trading in good moves up and down.
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