IOC
Observations from the chart
-
- Made High of 404 on 7-Feb-2017
- Took that level out with a strong gap up (from 397 to 405) on 7-April-2017)
- Trading below 405 after almost 3 1/2 months
- Also Broken trend line now
-20 day EMA & 50 day EMA crossover observed after a very long time
Any rise towards 397-405 needs careful attention. Rejection at those levels might indicate Long Positions taken in IOC in the last 3 months have been trapped & the stock may fall further towards 368-354 levels, testing their nerve...
Do read our previous post on IOC
Take care & safe trading...!!!
Observations from the chart
-
- Made High of 404 on 7-Feb-2017
- Took that level out with a strong gap up (from 397 to 405) on 7-April-2017)
- Trading below 405 after almost 3 1/2 months
- Also Broken trend line now
-20 day EMA & 50 day EMA crossover observed after a very long time
Any rise towards 397-405 needs careful attention. Rejection at those levels might indicate Long Positions taken in IOC in the last 3 months have been trapped & the stock may fall further towards 368-354 levels, testing their nerve...
Do read our previous post on IOC
Take care & safe trading...!!!
Penerbitan berkaitan
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.
Penerbitan berkaitan
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.