IOC Multiyear Breakout!
تم تحديثه
Indian Oil Corp. gave a breakout on Monthly chart and may head towards 140-150 levels in some weeks.
Reasons to take trade
---------------------------
1. Recent results beat estimates and net profit rose 104%
2. Breakout in trendline with huge volume on monthly chart.
3. MACD crossed Signal showing a trend reversal.
4. Crossed 20 MA & 200 MA on Monthly charts and is just below 100 MA
My opinion is we should accumulate in the stock till it crosses 100 MA on 1M chart and then buy with full potential by maintaining a stoploss according to the risk taking ability.
Reasons to take trade
---------------------------
1. Recent results beat estimates and net profit rose 104%
2. Breakout in trendline with huge volume on monthly chart.
3. MACD crossed Signal showing a trend reversal.
4. Crossed 20 MA & 200 MA on Monthly charts and is just below 100 MA
My opinion is we should accumulate in the stock till it crosses 100 MA on 1M chart and then buy with full potential by maintaining a stoploss according to the risk taking ability.
تم فتح الصفقة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.