IOC at a brink of breaking it IHS neck line.

11 Haz

A Paper Trade Idea on IOC

CMP 146.

It is at brink of breaking the neckline. at 146.7

Price Actions show strong Higher Low patterns.

Looks like it is a valid reversal pattern following a steep correction.

Conservative SL at 3% from cmp of 146.3

Aggressive SL at 6% from CMP.

I am Not a SEBI registered RA> this is just an paper trade Idea. Real trades are at your own risk

11 Haz

Not

One can wait for B/O and retest at 146 to 150 levels.