INDIAN OIL CORP LTDPanjang
Potential Breakout from Flag & Pole Pattern
✅ The stock has been consolidating under a descending trendline + created Flag & pole pattern after a strong uptrend in late 2023. The price is now attempting to break above this trendline, which could signal the resumption of the uptrend.
✅ The RSI is currently around the 60 mark, indicating building bullish momentum. Although volume is moderate, the price action suggests buyers are gaining control.
✅ A successful breakout above the trendline, confirmed by a close above ₹180, could propel the stock towards higher levels, potentially targeting ₹200. Traders should watch for continued strength and increased volume to confirm the breakout.
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A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
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A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
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Join our community in telegram for real time updates --- telegram.me/marketiik
Telegram- telegram.me/marketiik
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
Telegram- telegram.me/marketiik
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.