Vibhat

IOC LONG (reversal)

NSE:IOC   INDIAN OIL CORP
We can observe that IOC is now showing a reversal.

It was in the Consolidation stage and now has broken the Consolidation Channel and is trending up. We have the confirmation as 2 GREEN WICKS can be seen above the EMA 45 Line.

This ticker is a good pick as we can see an overall Ascending Channel pattern as the SMA 180 Line is being a Support to the ticker.


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