IOC COuld Go Long . Ioreover after reaching its All time High Indian Oil got corrected to 163 after reaching 183.89 . The reason for its correction was multiple and since then Investors are waiting for a long time for it to correct and then come back on track so that Investors can Invest in this Fundamentally strong Company .
The Stock took support at 163.16 and after that it formed a Bullish Price Action indicating a trend reversal towards Uptrend . After Holding a Level of 165 and reaching and holding at 166-167 Level on 20th September 2024, The stock showed a powerful Bullish sentiment and now it could reach to upper areas Like 167 , 168.93 , 176.96, 173.49 and 174.47
This Trade Analysis is only for Educational Purpose . I am Not SEBI Registered and I am not sharing any Trade Idea or Recommendation . Trade or Invest according to your own Analysis.
The Stock took support at 163.16 and after that it formed a Bullish Price Action indicating a trend reversal towards Uptrend . After Holding a Level of 165 and reaching and holding at 166-167 Level on 20th September 2024, The stock showed a powerful Bullish sentiment and now it could reach to upper areas Like 167 , 168.93 , 176.96, 173.49 and 174.47
This Trade Analysis is only for Educational Purpose . I am Not SEBI Registered and I am not sharing any Trade Idea or Recommendation . Trade or Invest according to your own Analysis.
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.
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.