Ioc

[mojac]

Dear traderji,
Whats ur view on IOC?
Is it a buy on declines?
Ur comments r welcomed,pls.
Don't forget t omention the Stoploss &targets.
Thank u.

regards
mojac

 

[Traderji]

IOC has indeed broken upwards out of its trading range.

You can BUY on a pullback/correction to 380.00 - 390.00!

You can keep your stoploss at 373.00

Likely upside target for IOC is betwwen 525.00 to 550.00

 

[mojac]

Yes traderji looking for that pullback.

Hopefully we ll get it before the dividend also.

Then it ll be icing on the cake...

regards
mojac

 

[Traderji]

Indian Oil is consolidating over the last two days and does not look like its going to correct.

If you do not want to miss out on the upmove, BUY/ADD on a close above 428.00. However do not forget to keep your stoploss at 403.00

 

[mojac]

dear traderji,
Now it seems that it ll definitely have a close abv 428.
So i think to add more abv that.

regards
mojac

 

[mojac]

IOC ll shoot next week.
It would rise smartly next week &ll outperform.
What a resiliance by IOC despite of all the drubbing it got last week.
Happy investing........