INDIAN OIL CORP LTDAtualizado GOOD TRADING SETUP DEVELOPING IN IOC
The stock has been making clean impulse moves from oct 2022 and seems to have completed the wave 4 structure. The 5th wave for the stock should be beginning shortly which can drive the stock up nearly 12-17%.
With one of its peers(BPCL) already announcing a mega result (both Q-o-Q and Y-o-Y), something similar could be expected from this stock as well which could trigger the rally( 31 oct expected result date).
84.5 can be used stop loss and 105-107 should be the target which provides a pretty good risk reward from CMP.
*note- One should do thorough analysis and research before taking up any entry.
With one of its peers(BPCL) already announcing a mega result (both Q-o-Q and Y-o-Y), something similar could be expected from this stock as well which could trigger the rally( 31 oct expected result date).
84.5 can be used stop loss and 105-107 should be the target which provides a pretty good risk reward from CMP.
*note- One should do thorough analysis and research before taking up any entry.
Nota
trail SL to 87Trade fechado manualmente
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.