Indian Oil Corp. Ltd.

IOC - Potential breakout swing candidate

380
Chart Analysis :
Price sustaining near its major resistance of 155 and gave a retest today near 152 level. If breaks out and sustains 1hour above 156 can consider for long. Following a Cup and Handle pattern with Higher Highs intact from recent September lows.

Key Levels :
Support : 152/150
Resistance/Targets : 157/160/166/168/173
StopLoss: 150 Closing basis

Disclaimer:
I am not SEBI registered. This analysis is for educational purposes only and not investment advice. Please do your own research before trading or investing.

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