Tech Stars : Buy Indian Oil Corporation Ltd For Target Rs.87 - Religare Broking
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Indian Oil Corporation Limited
TECHNICAL RATIONALE– IOC has been trading in a broader range of 65-85 levels for last one year, after the failed attempt to surpass the hurdle of previous swing high. It has formed a fresh base around the support zone of multiple moving averages and looks set to surpass the upper band of the range soon.
Buy Indian Oil Corporation Limited CMP 80.40; Initiation Range 80-81; Stop Loss 77.5; Target 87
Lupin Limited
TECHNICAL RATIONALE - Mostly stocks from the pharma basket have been trading in a downtrend and Lupin is trading in sync with the trend. It has witnessed a fresh breakdown from a consolidation range and likely to retest the previous swing low soon. We thus recommend creating shorts in the mentioned zone.
SELL MAR FUTS Lupin Limited CMP 650.20; Initiation Range 650-655; Stop Loss 674; Target 620
To Read Complete Report & Disclaimer Click Here
Please refer disclaimer at https://www.religareonline.com/disclaimer
SEBI Registration number is INZ000174330
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
