Resistance breakout and targets these all things are mandatory for one who is doing charting well here I am with an idea on weekly chart of IOC that is Indian oil corporation seems that it gives a Bullish Breakout on hazardous resistance which it faced many weeks finally broken out that resistance and closed on above that and Bollinger bands also confirmed a Breakout on it's upper band so we can see that bullish momentum will continue in this stock for the Target of 86 levels.. Happy investing and trading guys.
Cause Of long-:
1- Horizontal Resistance Breakout
2- Bollinger Bands Breakout
Komentarz
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CMP 83.50 FROM 77 GAINING GOOD HEADING TOWARDS TARGET
@renjith31787, Dear i will wait for the target and for the next breakout too
RajeshGambani
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seems it will pass entire month to break 80 levels where max oi is
AMIT-RAJAN
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@RajeshGambani, yes in the term of stocks we have to give time and patience too, i published this chart for the cash levels but as i am seeing maximum OI is standing on 80 👍🏽