IOC

The red horizontal line on the chart represents the resistance zone, which is around ₹145.

In the past, the stock price has stalled at this level multiple times – indicating that it's a strong resistance level.

This time, the stock has attempted to break through this resistance, which is a positive (bullish) signal.

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DISCLAIMER: I am NOT a SEBI registered advisor or a financial adviser. All the views are for educational purpose only