REVERSAL IN IOC ?
1. Stock has made double bottom about 71.50 and broke out the neckline in JAN then corrected to 200EMA, it again made the same highs after which dividend of 7.50 was declared.
2. Price may reverse from these levels as volumes are also draining.
3. Initiate Long @92.55-94
Target @102
SL 90
1Lot = 6500
2. Price may reverse from these levels as volumes are also draining.
3. Initiate Long @92.55-94
Target @102
SL 90
1Lot = 6500
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