Symmetric Triangle Formation in IOCL IOCL Daily Analysis
IOCL has made Symmetric Triangle Pattern on Daily Timeframe
Trade Initiation - Kinldy wait for Breakout / Breakdown as Symmetric Triangle is considered as Continuation pattern so after Breakout / Breakdown price may move in one direction only.
Will publish important levels in IOCL after Breakout / Breakdown .TIll then wait.
Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2)Do your own research and analysis 3)Define your Risk to Reward ratio 3)Don't trade with full capital
Not
IOCL at it's breakout trendline. Keep any eye on it.
Not
IOCL Breakout Attempt Failed But. Keep IOCL on your Radar.
Not
According to the candles buyers are not interested in IOCL. Will wait till gaining momentum in the upside or elase will exit.
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