Upward momentum of 10% -15% in IOC expected on BOS
IOC has seen a consolidation on DTF (bullish pennant) after almost a consolidation of more than 60 days. Confirmation to be given on break of structure.
The company has a upwards of 500% increase in EPS QoQ growth for the last 3 quarters and increase in institutional interest.
Good for swing traders. Can expect an upward momentum of a min of 10-15%. Targets plotted on the chart.
Entry - INR 175 SL - (DL) TSL - According to your risk profile.
Disclaimer: Please be advised that the information provided is not intended as financial advice. It is imperative to conduct thorough research before making any investment or trading decisions.
Trade ativo
Trade initiated at INR 172.5 with an SL at day low
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