Ioc has broken its downtrend of 2017 and has given a breakout at 115-117 levels.
It is now currently testing the breakout level.
Entering at current levels provides a good Risk: Reward.
Stoploss can be placed at 114 (daily close) for short-term trading perspective with a Target of 140.
Wile with a deeper Sl of 102( weekly close) one can stay invested for targets of 170 and 230 kinds of levels.
Disclaimer: Not a SEBI registered Advisor. Consult your Financial Advisor before taking any trade.
It is now currently testing the breakout level.
Entering at current levels provides a good Risk: Reward.
Stoploss can be placed at 114 (daily close) for short-term trading perspective with a Target of 140.
Wile with a deeper Sl of 102( weekly close) one can stay invested for targets of 170 and 230 kinds of levels.
Disclaimer: Not a SEBI registered Advisor. Consult your Financial Advisor before taking any trade.